Airbus SAS, the world's largest commercial planemaker, won an order from China for 160 aircraft valued at around $17 billion, cementing a record year.
The deal comprises 110 A320s and 50 A330s, Louis Gallois, chief executive officer of European Aeronautic, Defence & Space Co., Airbus's parent, said after the contracts were signed in Beijing today. The deal includes 10 A330 aircraft ordered by China Southern Airlines Co., according to an announcement at a news conference in Beijing today.
The planemaker, based in Toulouse, France, won 150-plane orders from China in both 2005 and 2006. Airbus is cutting 10,000 jobs after it lost 572 million euros ($848 million) last year before interest and tax, compared with Boeing Co.'s profit of $3.81 billion.
Airbus will award Chinese companies 5 percent of supply contracts for the A350 aircraft including wing flaps and rudders, said Chief Operating Officer Fabrice Bregier, without elaborating.
French President Nicolas Sarkozy is traveling with a trade delegation on a three-day state visit to China.