Airbus denies China aircraft order cancelation report

by Jarkko on March 2, 2009

in Manufacturers

Airbus SAS, the world’s largest commercial plane maker, denied a report that says the company didn’t expect to sell 150 jets to China this year due to the dampening expansion plan of Chinese airlines, sources reported.

Airbus told sources that the company is still in steady talks with Chinese firms and the report was untrue.

China agreed to buy 110 A320s and 40 A330s under a deal signed on November 2007 during the French President Nicolas Sarkozy’s state visit to China.

In addition, Airbus also signed agreements worth EUR 11.6 billion with China Southern Airlines Ltd to supply 140 aircrafts to the Chinese carrier, according to earlier report.

China’s aviation sector watchdog last year said it encouraged domestic airlines to cancel or delay aircraft delivery this year as the sector is facing more challenges amid the global financial crisis.

China Eastern Airlines Corp Ltd last week said it would cancel some Airbus and Boeing orders this year.

http://www.chinaknowledge.com

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