China signs 140 Airbus aircraft order worth $17bn

With Boeing’s 737MAX currently out of China markets, Airbus has seized the opportunity to capture the Chinese narrowbody market. As per a statement by China Aviation Supplies (CAS) Holding, China’s state aircraft buying agency officially signed orders to buy 140 Airbus planes worth about $17 bn, Reuters reports. The formal signing took place last week during German Chancellor Olaf Scholz’s visit to China. The purchase agreement includes 132 A320 aircraft and eight A350s. China’s three regional airlines, Air China, China Eastern, and China Southern, had announced one of the biggest orders post-pandemics in July with a total of 292 Airbus