Zero-Sum Game

Boeing vs Airbus

While Boeing struggles on 737 Max, its nemesis Airbus thrives – the European plane manufacturer has just signed a deal for 300 aircraft with state agency China Aviation Supplies Holding Company.

The general terms agreement was signed during the visit of Chinese President Xi Jinping for 290 single-aisle A320 family planes and 10 units A350 Airbus (EADSF).

The deal was considered bigger than expected; Airbus said it reflected the strong demand in all markets from Chinese carriers, which include low-budget domestic, regional, and international flights.

Although there is no deal transaction reported in details, the deal worth not less than US$ 35 billion.

Airbus shares rose significantly in stock exchange trading Tuesday (26/3) in respond to the tens of billions of dollar worth of the Chinese order announcement.