By Clarence Leong and Mauro Orru

 

A Chinese state-backed company will purchase 140 aircraft from European plane manufacturer 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.

An Airbus spokesman said the framework agreement announced Friday covers pre-existing commitments by Chinese customers for its commercial aircraft.

 

Write to Clarence Leong at clarence.leong@wsj.com and Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

November 04, 2022 06:34 ET (10:34 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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