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Airbus says China commits to buy 70 A320-family jets

10/11/2014| 3:50:01 PM|

Europe's Airbus signed a framework agreement with China's state purchasing agency to supply 70 A320-family jets.

BERLIN Oct 10 (Reuters) - Europe's Airbus said on Friday it had signed a framework agreement with China's state purchasing agency to supply 70 A320-family jets.

The "general terms agreement," signed in Berlin during a visit by Chinese Premier Li Keqiang, is for current-generation A320 and A321 models, Airbus Chief Executive Fabrice Bregier told reporters.

Such aircraft are worth $94 million to $110 million each at list prices, valuing the provisional deal at around $7 billion. (Reporting by Victoria Bryan, Writing by Tim Hepher, Editing by Laurence Frost)

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TAGS: Airbus A320 | Le Keqiang | Fabrice Bergier
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