With US-Based Rival Boeing Mired In Crisis Over 737 MAX Jet,  Airbus To Sell 300 Passenger Aircraft To China Airbus A320 Neo (Photo Via Airbus Website)

European Aircraft manufacturer Airbus announced that it has struck a deal to sell 300 passenger jets to Chinese Airlines, reports Economic Times. The development comes in the wake of Airbus’ United States-based rival, Boeing, mired in an ongoing crisis over its best-selling 737 MAX jet.

The agreement was signed in Paris in presence of Chinese President Xi Jinping and his French counterpart Emmanuel Macron, said a statement by Airbus on Monday (25 March). The Chinese President was on a three-day visit to the France.

The deal comprises of 290 Aircraft of the A320 family and 10 from the A350 line, said the statement adding that the deal was sign of strong demand from all areas of China’s rapidly expanding aviation market, including "domestic, low cost, regional and international long haul".

However, the total value of the deal has not been revealed by the European aircraft manufacturer.

As per the report, the move comes amid the global grounding of the Boeing 737 MAX aircraft after two deadly crashes involving the same plane model took place within a span of five months.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber