Airbus in talks to sell 100 or more jets to China -sources

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The artist rendering provided by Airbus on Tuesday, Nov. 28, 2017 shows an Airbus e-FanX hybrid test plane. The aircraft will be flying with one electric turbofan motor and 3 conventional engines. The electric power for the electric engine is being produced by a turbine within the plane that serves as a generator. (Airbus via AP)

Airbus is in talks to sell 100 or more jetliners to China during a visit by French President Emmanuel Macron to Beijing next week, people familiar with the negotiations said.

Macron plans to visit on January 8-10, accompanied by 50 company executives including planemaking officials from Airbus.

The value of a deal for around 100 aircraft would be over $10 billion at list prices, but could rise sharply depending on the breakdown between single-aisle and wide-body jets.

The total number of aircraft has yet to be agreed and has historically depended on last-minute commercial negotiations that coincide with such diplomatic visits.

China’s central purchasing agency, China Aviation Supplies Holding Company, did not respond to a request for comment.

A spokeswoman for Airbus in China said: “Discussions with customers are always going on, but we do not comment on speculation.”

In November, Boeing agreed to sell 300 planes worth $37 billion at list prices to China during a state visit by U.S. President Donald Trump. (Reporting by Tim Hepher, Brenda Goh, Michel Rose; Editing by Mathieu Rosemain)