Airbus Secures $10 billion Aircraft Sale to China

Airbus the famous aircraft manufacturer lagged behind Boeing in terms of sales through October. The company won a $10.2 billion sale in China this week as per Bloomberg Businessweek.

The new contract encompasses sale of 100 single-aisle A320 planes to China Aircraft Leasing Group Holdings, a Chinese lessor. These planes will be a mix of existing planes and future models with new engines.

Airbus 320 Taking off

Airbus 320 Taking off

The sales of planes in Asia are becoming important to aircraft manufacturers. It is to be noted over here that Asia is moving closer to overtaking the U.S. as the largest market for aircraft.

In 2014, Airbus is lagging behind Boeing in terms of net orders. According to reports, Boeing booked a total of 1,011 plane sales for the first 10 months of the year, while Airbus had just 794.

Source: Fortune

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