Latest news with #AirbusSE
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
China weighs ordering up to 500 Airbus jets during EU leaders' visit
By Siddharth Philip and Danny Lee China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries' long-term ties, according to people familiar with the matter. Deliberations are underway with Chinese airlines about the size of a potential order, said the people, who asked not to be named discussing confidential matters. A deal could involve about 300 planes and include both narrowbody and widebody models, they said, with one person saying the order could range between 200 and as many as 500 aircraft. Negotiations are fluid and could fall apart or take longer to reach a conclusion, the people said. The European planemaker rose as much as 2.3 per cent in early Paris trading. Rolls-Royce Holdings Plc, which makes engines for Airbus's widebody aircraft, rose as much as 0.7 per cent in London. French President Emmanuel Macron and Chancellor Friedrich Merz of Germany are among leaders that may visit Beijing in July to mark 50 years of diplomatic relations between China and the European Union. Their countries are the two biggest owners of Airbus, and a high-profile deal with the planemaker would allow Chinese President Xi Jinping to send a message to US President Donald Trump over trade. China and the US — the world's two biggest economies — are at loggerheads over trade rules that Trump is determined to reset during his second presidential term. Should the two sides resolve their differences, Airbus rival Boeing Co. could potentially win big — the US planemaker is America's biggest exporter and a jet sale was featured in a US-UK trade deal in May. To date, however, Boeing has been penalized in China. In April, authorities in Beijing told airlines to stop taking deliveries of Boeing jets. Trade tensions and the crises that befell the 737 Max jet date back years, and have given Airbus an upper hand in what was once a carefully balanced market between the two dominant planemakers. Widebodies would be a significant portion of a new Airbus order, the people said, with one person saying the A330neo, the planemaker's smallest twin-aisle model, could win some sales. The number of twin-aisle jets in backlog for China's state-run and privately operated carriers has dwindled, as Boeing has traditionally sold more in the market. Should the order run to 500 planes it would rank as one of the biggest ever and certainly the largest for China, eclipsing an order for about 300 single-aisle Airbus jets made in 2022 that was then worth around $37 billion. Air India Ltd. inked an order for 470 Airbus and Boeing planes back in 2023 and another Indian airline, IndiGo, placed a record-breaking order with Airbus in mid 2023 for 500 narrowbody aircraft. Boeing hasn't won a major order from China since at least 2017 due to trade tensions and self-inflicted issues. In 2019, China became the first nation to ground the 737 Max following two deadly crashes. Trade disputes with the Biden and first Trump administrations also helped tilt Chinese orders toward Airbus. Then in 2024, Boeing suffered a quality crisis when a door plug blew out mid-flight in January. Any deal would likely be carried out through China's state-run aircraft procurement body, which typically negotiates on behalf of the country's airlines.
Time of India
a day ago
- Business
- Time of India
China weighs ordering hundreds of Airbus jets in major deal
China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries' long-term ties, according to people familiar with the matter. Deliberations are underway with Chinese airlines about the size of a potential order, said the people, who asked not to be named discussing confidential matters. A deal could involve about 300 planes and include both narrowbody and widebody models, they said, with one person saying the order could range between 200 and as many as 500 aircraft. Negotiations are fluid and could fall apart or take longer to reach a conclusion, the people said. Airbus declined to comment. Representatives for the Civil Aviation Administration of China didn't respond to a faxed request for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was Everyone's Dream Girl In 90's, This Is Her Recently. Investructor Undo The European planemaker rose as much as 4.1% in Paris trading. Rolls-Royce Holdings Plc, which makes engines for Airbus widebody aircraft, rose as much as 0.7% in London. Airbus has steadily increased its share of sales to China, helped by a final assembly line in Tianjin for its popular A320 family aircraft . A deal of the magnitude being discussed would help cement the European planemaker's dominance in one of the world's top aviation markets. Live Events You Might Also Like: Air India eyes major new aircraft order from Airbus, Boeing; plan includes 200 new single-aisle jets: Report For its US rival Boeing Co. , doing business in China has become more difficult as the company gets caught up in President Donald Trump's trade war with Beijing. On Wednesday, Trump said in a social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising doubts about the two largest economies reconciling their trade interests. A high-profile deal with Airbus would allow Xi to send a message to Trump over trade. French President Emmanuel Macron and Chancellor Friedrich Merz of Germany are among leaders that may visit Beijing in July to mark 50 years of diplomatic relations between China and the European Union. Their countries are the two biggest shareholders in Airbus. China and the US are at loggerheads over trade rules that Trump is determined to reset during his second presidential term. Should the two sides resolve their differences, Boeing could potentially win big — the US planemaker is America's biggest exporter and a jet sale was featured in a US-UK trade deal in May. The close links between politics and plane purchases were highlighted last month when Trump visited the Middle East and helped bring home major deals, including an order from Qatar Airways for as many as 210 Boeing jets that ranks as the largest by value for the US manufacturer. You Might Also Like: US suspends sales of some US technologies to China's airplane maker COMAC: Reports In China, however, Boeing has been penalized. In April, authorities in Beijing told airlines to stop taking deliveries of Boeing jets. Trade tensions and the crises that befell the 737 Max model date back years, and have helped to give Airbus the upper hand in what was once a carefully balanced market between the two manufacturers. Widebodies would be a significant portion of a new Airbus order, the people said, with one person saying the A330neo, the planemaker's smaller twin-aisle model, could win some sales. The number of widebody jets in backlog for China's state-run and privately operated carriers has dwindled, as Boeing has traditionally sold more in the market. Should the order run to 500 planes it would rank as one of the biggest ever and certainly the largest for China, eclipsing a deal for about 300 single-aisle Airbus jets made in 2022 that was then worth around $37 billion. Air India Ltd. inked a purchase for 470 Airbus and Boeing planes back in 2023 and another Indian airline, IndiGo, placed a record-breaking order with Airbus in mid 2023 for 500 narrowbody aircraft. Boeing hasn't won a major order from China since at least 2017 due to the trade tensions and self-inflicted issues. In 2019, China became the first nation to ground the 737 Max following two deadly crashes. Trade disputes with the Biden and first Trump administrations also helped tilt Chinese orders toward Airbus. Then in January 2024, Boeing suffered a quality crisis when a door plug blew out mid-flight, forcing Boeing to slow output and denting its reputation among the flying public. Any deal would likely be carried out through China's state-run aircraft procurement body, which typically negotiates on behalf of the country's airlines.
Business Recorder
a day ago
- Business
- Business Recorder
European shares lifted by Airbus stock; tariff deadline looms
European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for US trading partners to make their 'best offers' and as the U.S. levies on steel and aluminium imports kick in. Airbus SE shares rose 3.4% after Bloomberg News reported Chinese airlines are considering ordering hundreds of aircraft as soon as next month. The pan-European STOXX 600 rose 0.3% by 0707 GMT, having rallied about 15% from its early April lows as US President Donald Trump paused sweeping tariffs and struck a trade agreement with the UK. Wednesday is the deadline for U.S. trading partners to submit their proposals for deals that might help them avoid Trump's hefty 'Liberation Day' tariffs from taking effect. Later in the day, PMI survey data for the UK, the euro zone, Germany and France could offer more clues on how the tariffs impacted economies in the region in May. The data comes ahead of the European Central Bank's policy meeting on Thursday in which a quarter-point rate cut is widely expected. European shares tumble as economic, trade uncertainty muddies growth outlook In addition, a crucial U.S. jobs report will take centre stage on Friday for clues about the Federal Reserve's next steps. Most European sectors advanced, with miners and technology leading the pack. Remy Cointreau fell 2.6% after the French spirits group abandoned its 2030 sales growth ambitions, saying tariffs, persistently slow US sales and high levels of uncertainty could derail its plans for next year and beyond.
Mint
a day ago
- Business
- Mint
Airbus SE share price gains on reports of this BIG China order, rises 6% in 3 days. Will the rally continue?
Airbus SE share price: Shares of Airbus Group SE jumped over 3% in opening deals on Wednesday, June 4, extending their rally to the third straight session amid reports that Chinese airlines are considering placing a big order for Airbus SE aircraft. With today's rise, the stock gained 6% in the last three sessions. According to a Bloomberg report, Chinese airlines are considering ordering up to 300 narrowbody and widebody Airbus SE aircraft as soon as next month when European leaders visit Beijing. The order could rise to as many as 500 aircraft, one of the people told Bloomberg. Reuters first reported in April that China has been in on-and-off negotiations to place an order for up to 500 Airbus jets. French President Emmanuel Macron and Chancellor Friedrich Merz of Germany are among leaders who may visit Beijing in July to mark 50 years of diplomatic relations between China and the European Union. Their countries are the two biggest owners of Airbus. 'Airbus SE's share price has skyrocketed after reports of big orders from China for jets. This has triggered fresh buying in the stock,' said Avinash Gorakshkar, Head of Research at Profitmart Securities. However, he added that neither side has an official update, so fresh investors are advised to wait for an official statement. The European Exchange is expected to seek clarification on this significant upside in Airbus SE's share price in the last three straight sessions, Gorakshkar said.
Economic Times
a day ago
- Business
- Economic Times
European shares lifted by Airbus stock; tariff deadline looms
European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in. ADVERTISEMENT Airbus SE shares rose 3.4% after Bloomberg News reported Chinese airlines are considering ordering hundreds of aircraft as soon as next month. The pan-European STOXX 600 rose 0.3% by 0707 GMT, having rallied about 15% from its early April lows as U.S. President Donald Trump paused sweeping tariffs and struck a trade agreement with the UK. Wednesday is the deadline for U.S. trading partners to submit their proposals for deals that might help them avoid Trump's hefty "Liberation Day" tariffs from taking effect. Later in the day, PMI survey data for the UK, the euro zone, Germany and France could offer more clues on how the tariffs impacted economies in the region in May. The data comes ahead of the European Central Bank's policy meeting on Thursday in which a quarter-point rate cut is widely expected. ADVERTISEMENT In addition, a crucial U.S. jobs report will take centre stage on Friday for clues about the Federal Reserve's next steps. Most European sectors advanced, with miners and technology leading the pack. ADVERTISEMENT Remy Cointreau fell 2.6% after the French spirits group abandoned its 2030 sales growth ambitions, saying tariffs, persistently slow U.S. sales and high levels of uncertainty could derail its plans for next year and beyond. (You can now subscribe to our ETMarkets WhatsApp channel)
