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Global Times: China to Cancel the Purchase of 45 Airbus Jets

Global Times recently reported, based on news from the French newspaper the Tribune, that China has decided to cancel its plan to purchase 10 Airbus A380 super-jumbo jetliners and 35 Airbus A330 airplanes. Louis Gallois, Chief Executive of the European Aeronautic Defence & Space Company (EADS), confirmed the cancellation. EADS is the parent company of Airbus. Gallois explained that the decision was based on China’s position of opposing the EU Carbon Tax. He complained that this cancellation was a major setback for Airbus’ business. Airbus already made a request that the European Union cancel the tax. Twenty-six out of the 36 members of the International Civil Aviation Organization (ICAO) are against this tax, including China, the United States, and Russia. It is also damaging for Airbus because, according to a report by Bloomberg, Boeing’s commercial aircraft group is hoping to sell 200 737-MAX and a “certain number” of 747-8S airplanes to China this year.

Source: Global Times, March 9, 2012