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7/1, 3:32 PM (Source: TeleTrader)
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Four Chinese airlines order 292 Airbus A320s

Air China, China Eastern, China Southern, and Shenzhen Airlines ordered 292 Airbus SE A320 aircraft, the European company announced on Friday.

"These new orders demonstrate the strong confidence in Airbus from our customers. It is also a solid endorsement from our airline customers in China of the performance, quality, fuel efficiency and sustainability of the world's leading family of single aisle aircraft," Airbus Chief Commercial Officer Christian Scherer said in a statement.

The value of the orders is estimated at no less than $37 billion.

Baha Breaking News (BBN) / MS