China’s order for 300 Airbus jets signed during a state visit last week was bolstered by repeat announcements of dozens of existing deals and advance approval for deals that have yet to be struck, said Reuters.
The Airbus deal was reported to have been worth around $35 billion at list prices but the amount of new business is lower, said Reuters sources. Duplicate announcements included a deal for 10 A350 aircraft to an unnamed buyer, which represents a repeat announcement of an order for 10 jets by Sichuan Airlines at an air show last year.
The deal was considered an economic highlight of a trip to Europe by Chinese President Xi Jinping but Reuter’s sources explained plane orders typically take months to negotiate, disclosing the overall figure of 300 was introduced late in the process and after Xi’s visit was well underway.
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