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Airbus Reveals Massive New Orders In China

Benzinga Real-time News · Jul 1, 2022 09:54

BA +1.51% EADSY -4.02% EADSF -4.27%

Airbus SE (OTC:EADSY) has won an order for 292 A320 Family aircraft from several Chinese airlines, indicating the positive recovery momentum and prosperous outlook for the Chinese aviation market.
The Chinese airlines involved are Air China, Ltd. (OTC:AICAF), China Eastern Airlines Corp. Ltd. (NYSE:CEA), China Southern Airlines Co. Ltd.(NYSE:ZNH), and Shenzhen Airlines.
These orders will enter the backlog after relevant criteria are met.
The total number of Airbus aircraft in service with Chinese operators was over 2,070 as of May 2022.
Price Action: EADSY shares traded higher by 3.52% at $24.88 on the last check Friday.
Photo Via Company

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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