Berlin — Airbus says it has won a large order from China of 140 planes for $22.8bn, during a visit by President Xi Jinping to Berlin. The European aircraft maker said it had sealed the deal with China Aviation Supplies Holding Company, which CE Tom Enders called "one of the biggest contracts signed in a long time by Airbus". The deal covers 100 A320 single-aisle jets and 40 A350 wide-body aircraft. "This underscores the strong demand by Chinese airlines in all segments, from domestic and low-cost to the regional and international long-haul market," Airbus said. Airbus said a market analysis forecast a doubling of demand globally for planes with more than 100 seats to 40,000 aircraft in the next 20 years, fuelled largely by demand from developing markets such as China. "In the mid-1990s we had a market share [in China] of 5% to 6%," Enders said. "Twenty years later, we have around 50% — we really put our foot on the gas." The group said its A320 line of planes was the world’s best-se...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.