China Plans Up to 120 Airbus Aircraft Order, Merz Says [Yahoo! Finance]
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Source: Yahoo! Finance
This article first appeared on GuruFocus Airbus ( EADSY could be on the cusp of another meaningful win in China, after German Chancellor Friedrich Merz said during a state visit that Beijing intends to order as many as 120 additional commercial aircraft from the European manufacturer. Speaking to reporters following a dinner with President Xi Jinping, Merz described the plan as a large number of jets, quantifying the potential total at up to 120 units. He did not outline the aircraft types or the expected timing of the purchase, and Airbus did not immediately respond to requests for comment. Even so, the remarks may signal that another state-linked aviation deal is moving into view. Is EADSY fairly valued? Test your thesis with our free DCF calculator. For investors, the backdrop matters. China typically places aircraft orders in bulk with Airbus and Boeing ( NYSE:BA ) before distributing them among its state-owned carriers, and Airbus has historically benefited from these poli
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