By Clarence Leong

A Chinese state-backed company will purchase 140 aircraft from Airbus SE, in a $17 billion deal inked Friday during German Chancellor Olaf Scholz's one-day visit to China.

China Aviation Supplies Holding Co., which is run by the State-owned Assets Supervision and Administration Commission of the State Council, will purchase 132 A320 and eight A350 aircraft from Airbus, it said in a statement.

Write to Clarence Leong at clarence.leong@wsj.com

(END) Dow Jones Newswires

November 04, 2022 06:16 ET (10:16 GMT)

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