After ordering 292 Airbus planes in July, China added another 40 planes in September, making the order total 332 planes for US $42.1 billion. The orders were placed by China Southern Airlines, Air China, and China Eastern Airlines.
However, China’s civil aviation industry has accumulated a loss of nearly 300 billion yuan (US $41 billion) since the COVID pandemic, with a loss of 108.9 billion yuan (US $15 billion) in the first half of this year alone. There are 12 Chinese airlines whose total assets are lower than their total debts.
The ordered Airbus planes are the A320NEO series plane, a narrow-body mainline airliner. China has manufactured its own narrow-body mainline airliner, the C919, and started selling it overseas.
Source: Epoch Times, October 15, 2022