Airbus Inks Deal to Sell 75 A330s to China Getty Images

Airbus Inks Deal to Sell 75 A330s to China

Prime Minister Li Keqjang signed the $18 billion deal during a three-day visit to France, where he is expected to sign over 50 trade accords.

PARIS -- Airbus inked a deal to sell up to 75 of its A330 planes to a Chinese company, during a visit by Prime Minister Li Keqiang to France on Tuesday in a deal worth $18 billion at list prices.

Airbus boss Fabrice Bergier signed a deal for 45 confirmed orders, as well as a memorandum of understanding for 30 more with the China Aviation Supplies Holding Company, said Prime Minister Manuel Valls.

Airbus sources said the deal was the biggest ever for the long-haul A330 by China. Keqjang is expected to sign over 50 trade accords during his three-day visit to France. 

The A330 will be fitted with more seats in China--where it will travel shorter distances--than in Europe, as a solution to the country's congested skies and airports, an Airbus source told AFP.

Air traffic in the world's second biggest economy has skyrocketed in the past 15 years, growing over 500% at home and abroad, according to Airbus figures.

Copyright Agence France-Presse, 2015

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