Airbus has struck deals with Chinese companies worth about US$6 billion for almost 70 aircrafts, Reuters reported. Airbus, a subsidiary of EADS (EADS.EPA), has also reached a deal in principle to extend its A320 assembly line in the city of Tianjin beyond 2016. Last week, it announced that it received almost 100 orders for their A320neo aircrafts, which have new engines and will also be made in Tianjin. The company has made the deals as it expects the Chinese market to surpass the American market within 20 years.
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