Airbus is to sell close to 300 aircraft to Chinese companies in a multibillion-dollar package of deals that will strengthen the European group’s foothold over US rival Boeing in the world’s second-largest aviation market.
The European manufacturer’s series of agreements with Chinese carriers, which involves the sale of 292 planes worth more than $37bn, are the country’s first big purchases since the Covid-19 pandemic.
The deals are a major coup for Airbus in its battle with Boeing as China is a vital growth market for the world’s two biggest aircraft manufacturers.
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