Robert Besser
05 Jul 2022, 01:52 GMT+10
BEIJING, China: Chinese airlines announced last week that they would purchase some 300 Airbus jets.
This is the largest order placed by China since the beginning of the COVID-19 pandemic.
During simultaneous announcements, Air China and China Southern Airlines said they would each purchase 96 A320 airliners valued at $12.2 billion.
China Eastern Airlines also announced plans to purchase 100 A320 aircraft, worth $12.8 billion.
China normally accounts for purchasing one-third of all planes manufactured by Boeing and Airbus. However, Boeing remains at a disadvantage due to continuing trade friction between the U.S. and China.
Industry observers see the purchase of 300 Airbus aircraft as a visible step by Beijing towards European suppliers.
In reaction to the purchase, Boeing has urged the U.S. and Chinese governments to engage in productive discussions.
"As a top U.S. exporter with a 50-year relationship with China's aviation industry, it is disappointing that geopolitical differences continue to constrain U.S. aircraft exports," Boeing said in a statement.
"Boeing aircraft sales to China historically support tens of thousands of American jobs, and we are hopeful orders and deliveries will resume promptly."
Of note, China has not yet resumed flights of the Boeing 737 MAX aircraft, even though China has lifted its ground order on the troubled aircraft.
Privately, it is not known whether Airbus can fulfill such a large order, due to continued worldwide supply chain problems.
Airbus shares rose more than 3 percent on news of the purchases by China.
China Eastern has said that the narrow body A320 jets would be largely used on domestic routes.
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationTOKYO, Japan: Toyota has advised the owners of its BZ4X electric SUV to stop driving their vehicles and return them ...
WASHINGTON D.C.: The U.S.Department of Justice is reportedly preparing to sue Google as soon as next month, claiming that the ...
SYDNEY, NSW, Australia - Stocks in Japan surged on Friday as investors and traders returned to their desks after a ...
LONDON, England: A survey conducted by YouGov and consultancy Cebr reported that UK consumer confidence slowly rose in July, after ...
DHAKA, Bangladesh - Foreign Minister AK Abdul Momen has stated that the Switzerland Ambassador to Bangladesh Nathalie Chuard's claims that ...
NEW YORK, New York - Stocks closed mixed the world over Thursday as investors struggled to get a clear picture ...
ZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...