China's CDB Plans $4.3 Billion Airbus A320neo Plane Order

  • Bank said to seek 40 new single-aisle jets: people familiar
  • Airbus already sold 100 jets to GE leasing arm at Paris Show

China Development Bank is set to place an order valued at $4.3 billion for 40 of Airbus SE’s A320neo series of jets, according to people familiar with the plans.

The deal is likely to be announced at this week’s Paris Air Show, said the people, who asked not to be identified ahead of a formal release. CDB earlier on Monday revealed an order for 42 Boeing Co. 737 Max 8 planes, 10 of the newly launched Max 10 variant, and eight 787 wide-bodies.

For Airbus, a transaction would be an important win at the Paris Air Show, as the European planemaker’s top seller A320 is being overshadowed by a flurry of demand for Boeing’s upgraded 737 Max. The sale would also bolster the tally for Airbus’s outgoing sales chief John Leahy, who’s still negotiating deals at what will probably be his last Paris show, after racking up more than $1 trillion in orders during his two-decade tenure.

CDB wasn’t immediately available for comment. A spokesman for Airbus said the company doesn’t comment on discussions with customers.

Airbus earlier announced a $10.8 billion deal for 100 A320neos from the leasing arm of General Electric Co.

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