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Airbus announces China order of 140 planes for $22.8 bn

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 Cinnamon    27,736

Airbus said Wednesday it had won a major order from China of 140 planes for $22.8 billion, during a visit by President Xi Jinping to Berlin.

The European aircraft maker said it had sealed the agreement with China Aviation Supplies Holding Company (CAS), which chief executive 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 in a statement.

The company said a market analysis forecast a doubling of demand worldwide 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.



Doesn't look like they plan on the world ending anytime soon. 

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