Tuesday . June 25 . 2019
         
 
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Airbus receives massive US$10 billion Chinese order
 
Singapore  (2005-12-06)

THE China Aviation Supplies Import and Export Group (CASGC) has signed a General Terms Agreement (GTA) with Airbus to buy 150 A320 family aircraft.

The agreement was signed between Airbus president and CEO Mr Gustav Humbert and CASGC president Mr Li Hai, in the presence of French prime minister Mr Dominique de Villepin and Chinese premier Mr Wen Jiabao during his recent visit to France.

The total value of the purchase comes close to US$10 billion and comprises A319s, A320s and A321s. This is the largest single order for Airbus since it entered the Chinese market two decades ago.

The 150 aircraft will be delivered to six Chinese airlines, including Air China, China Eastern Airlines, China Southern Airlines, Sichuan Airlines, Shenzhen Airlines and Hainan Airlines. No date was mentioned by Airbus for the delivery of the planes.

 
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