Airbus’ new deal to sell 150 planes to politically savvy Beijing ratchets up the long-running dogfight over market-share with archrival Boeing
It was a day of deals, all aimed at tapping China’s high-flying aviation sector. On Dec. 5, London-based petroleum player BP (BP ) announced it was spending $44 million for a 20% share of China Aviation Oil, China’s biggest jet-fuel importer, helping that troubled company avoid bankruptcy. And in a far larger deal, Chinese Premier Wen Jiabao on a state visit to France, announced that his country would purchase 150 Airbus A320 aircraft.
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