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Airbus Inks $17B Plane Order With China

Airbus Inks $17B Plane Order With China

Airbus Inks $17B Plane Order With China

BEIJING/PARIS: On Friday, China made known the $17 billion in ongoing Airbus aircraft contracts. Experts claim that this action was meant to draw attention to Chancellor Olaf Scholz’s unexpected trip to China, which astounded both the European plane manufacturer and observers of China.

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According to China’s official purchasing agency CASC, 140 Airbus aircraft were acquired during Scholz’s one-day visit, including 132 members of the A320 family and eight A350 wide-body aircraft.

The business, which is based in the Netherlands, noted that the agreement signed on Friday covers 132 of its A320 aircraft and 8 of its A350 models.

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In the morning trade of the afternoon, shares of Airbus were up.

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The announcement comes as Olaf Scholz, who was appointed German chancellor last year, is in Beijing for the first-ever meeting with Xi Jinping, president of China.

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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

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