Airbus secures $35 billion China deal in new blow to Boeing
Airbus shares fell 0.5 per cent in Paris on Monday, while Boeing climbed 2.3 per cent in New York
Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a fresh blow to Boeing Co as it grapples with the grounding of its best-selling jet.
The mammoth order consists of 290 A320-series narrow-body planes and 10 A350 wide-bodies, Toulouse-based Airbus said after the transaction was announced in Paris on Monday. The deals value is almost double that touted by French President Emmanuel Macron in January 2018 during a trip to Beijing.
