Airbus in Talks to Sell More A320 Neo Models in ChinaJasmine Wang
Airbus SAS is in discussions to sell several hundred more A320neos in China after securing commitments for the re-engined version of the single-aisle jet.
The planemaker is in an active sales campaign for A320neos as the jet is popular among Chinese customers, Robin Tao, a Beijing-based spokesman for Airbus, said by phone today. Airbus secured order commitments for 100 neos from China, subject to government approval, he said.
The planemaker won commitments for 20 planes from Industrial & Commercial Bank of China Ltd.’s leasing arm, a deal that was announced last year. Sixty are from Air China Ltd., out of the 100 A320s it announced in May. The remaining 20 were from a customer Tao didn’t identify because of a confidentiality agreement.
China will need 5,580 new planes costing $780 billion through 2032, Boeing Co. said earlier this month. Boeing will boost plane deliveries to Chinese customers by 50 percent this year to 120, Randy Tinseth, vice president of marketing at the Chicago-based planemaker, said Sept. 10.