Connect with us

International

Boeing battles 737 Max crisis after Airbus lands massive deal with China

Published

on

Boeing battles 737 Max crisis after Airbus lands massive deal with China

Airbus (EADSF) announced in a statement on Monday that it will make a huge order from China as Boeing struggles with the 737 Max crisis.

The European plane maker said that it has reached a deal to sell 300 passenger jets to Chinese airlines. The agreement was signed during Chinese President Xi Jinping’s visit to France.

Read also: President Trump gets a breather as Mueller exonerates him from conspiring with Russia

The company said the agreement showed strong demand from all areas of China’s rapidly expanding aviation market, while the order contrasts with the difficulties facing Boeing, whose bestselling 737 Max, has been abandoned worldwide after being involved in two deadly crashes in less than five months.

It was gathered that Airbus shares gained more than 1.5% in early European trading on Tuesday.

Airbus also added that the deal with the holding company would translate into firm purchases from Chinese airlines in the future.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations