Airbus to supply 70 jets to China, worth more than $10bn

Airbus boss Fabrice Bregier, shakes hands with China's Li Hai at the Elysee Palace in Paris Airbus boss Fabrice Bregier shakes hands with Chinese official Li Hai in Paris

Related Stories

European aviation giant Airbus has signed a deal to supply 70 jets, worth more than $10bn (£6bn), to China's state-owned purchasing agency.

The deal had been on hold because of a row between the EU and outside countries over carbon emissions tax on flights.

The breakthrough came during a state visit to France by the Chinese president, Xi Jinping.

The order includes 27 long-haul A330s and 43 smaller A320 planes.

China also signed a new 10-year agreement allowing Airbus to continue building planes in the northern city of Tianjin until 2025.

Earlier, Airbus' helicopter division announced a deal to provide 1,000 civilian helicopters to China over the next 20 years.

Airbus A330 The order includes 27 long-haul Airbus A330s

The three biggest European economies, Germany, France and the UK, have all been clamouring to improve their trade links with China.

Last year, France had a trade deficit with China of about 26bn euros (£22bn), which accounts for approximately 40% of France's total foreign trade deficit.

French president Francois Hollande told his Chinese counterpart that he wanted to "re-balance trade between our two countries".

Aerospace already accounts for 29% of French exports to China.

A fifth of Airbus's global production takes place on the Chinese mainland.

China and France also signed 50 trade agreements in a number of other areas, including the nuclear, financial and automotive sectors.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Jesse, Milo and JudahNo kidding

    The family with 34 children - and they're adding two more

  • Lost itemsLost and found

    The strange things passengers leave on the Tube

  • German cabin Stollen Christmas

    How German markets captured the UK's imagination

  • Man and dog on dark winter morningSolstice lag

    Why mornings will keep getting darker after 21 December

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.