China is looking to buy at least 150 passenger jets from Airbus during president Xi Jinping’s visit to Europe at the end of this month, Reuters reported, citing people familiar with the matter. The negotiation is still ongoing, and the potential transaction is expected to reach a value of US$20 billion. In a broad-ranging deal that could help reset trade relations between China and Europe after a bumpy year, China is expected to buy more A330 passenger jets as talks advance to open Airbus’s second major factory in the country.
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