The aircraft manufacturer, Airbus, has launched an order of around 300 jets from China in a deal valued at billions of dollars, according to BBC News.
With an agreement to gain the A320 and A350 XWB aircrafts signed following a visit by Chinese President, Xi Jinping, trip to Paris, the order is said to be a bundle of deals completed during Mr Xi’s trip to Europe.
In a statement, Airbus mentioned that the deal with China Aviation Supplies Holding Company will cover the purchase of the company’s aircraft which include 290 A320 planes and ten A350 XWB jets.
Although no official figure has been established, there are reports that the figure is believed to be worth about $34bn.
Airbus Commercial Aircraft President, Guillaume Faury, commented: “We are honoured to assist the progress of China's civil aviation with our trusted aircraft families - single-aisle and wide-bodies. Our extending footprint in China display our lasting confidence in the Chinese market and our long-term commitment to China and our partners.”