Airbus secures $9.3B order for 25 A330neo jets from China

Airbus secures $9.3B order for 25 A330neo jets from China

Airbus has bagged a major deal with China Eastern Airlines, which is a partially state-owned carrier.

The carrier has signed a purchase agreement for 25 A330neo jets, with the deliveries scheduled between 2029 and 2033.

The deal is valued at $9.35 billion, although such large orders usually come with significant discounts.

Deal to enhance service quality and reduce operating costs

The new aircraft will be used by China Eastern Airlines to expand capacity and replace older models.

The deal is expected to help optimize the airline's fleet structure and route network, improve service quality, and lower operating costs.

This agreement further strengthens Airbus's position in China's aviation market, which is the second largest in the world after the US.