{"id":22096,"date":"2022-07-02T17:08:52","date_gmt":"2022-07-02T11:38:52","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=22096"},"modified":"2022-07-02T19:05:38","modified_gmt":"2022-07-02T13:35:38","slug":"airbus-wins-us37-billion-china-jet-agreements-in-blow-to-boeing","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/07\/02\/airbus-wins-us37-billion-china-jet-agreements-in-blow-to-boeing\/","title":{"rendered":"Airbus wins US$37 billion China jet agreements in blow to Boeing"},"content":{"rendered":"\n

Airbus SE won one of its biggest-ever orders for 292 airliners worth more than $37 billion from four Chinese airlines, a coup for the European manufacturer as it tussles with Boeing Co. for dominance in Asia\u2019s biggest economy.<\/span><\/strong><\/p>\n\n\n\n

China Eastern Airlines Corp<\/h2>\n\n\n\n

will purchase 100 A320neo narrow-body jets, while Air China Ltd. will take 64 units, with its Shenzhen Airlines subsidiary acquiring 32 more, according to separate company filings Friday. China Southern Airlines Co. told earlier it would purchase 96 A320neos, as well as lease additional planes.<\/strong><\/p>\n\n\n\n

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Airbus | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

The statements represent China\u2019s first major jetliner orders in about three years and help cement Airbus\u2019s position in the market, where the European manufacturer has built an advantage thanks to a local final assembly line. Boeing has historically counted China Southern as its biggest customer, but business has slowed for the manufacturer in the wake of two crashes of its best-selling 737 Max model and as political tensions rise between Washington and Beijing. <\/p>\n\n\n\n

\u201cAirbus has long had a stronghold in China when it arrives at short-haul flights and they also have a plant there, so they have a strong mix of production and sales,\u201d told John Strickland, an aviation analyst at JLS Consulting. \u201cSo this makes upon that.\u201d<\/p>\n\n\n\n

Airbus secured a $35 billion jet agreement <\/h2>\n\n\n\n

The orders declared today to add to robust orders from China. Airbus secured a $35 billion jet agreement during a state visit by President Xi Jinping to the French capital in March 2019. Both manufacturers will be vying for more business at the Farnborough Air Show, which kicks off in the center of the month at a venue south of London.<\/p>\n\n\n\n

Airbus gained as much as 4.9% in Paris. Boeing rose as much as 3.7% in US trading.<\/p><\/blockquote><\/figure>\n\n\n\n

The China Southern aircraft will be delivered from 2024 to 2027, according to a stock deal filing Friday. The carrier will separately lease 19 A320neos. Handovers to Air China will span from 2023 to 2027 and those to Shenzhen Airlines from 2024 to 2026.<\/p>\n\n\n\n

China Southern in May released more than 100 of the US firm\u2019s 737 Max jets from its near-term fleet plans, citing delays in deliveries. The airline previously outlined plans to rapidly expand its 737 Max fleet, saying in March that 39 were due this year, building toward a total of 103 deliveries through 2024. <\/p>\n\n\n\n

None of China\u2019s other state-owned carriers have stated if they might restart taking the Max once it\u2019s officially back in service. China was the first to ground the plane following fatal crashes in Indonesia in October 2018 and Ethiopia in March the next year.<\/p>\n\n\n\n

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