{"id":4128,"date":"2019-03-26T09:48:00","date_gmt":"2019-03-26T14:48:00","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4128"},"modified":"2019-03-26T09:48:06","modified_gmt":"2019-03-26T14:48:06","slug":"airbus-shares-take-off-after-bumper-beijing-order","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4128","title":{"rendered":"Airbus Shares Take Off After Bumper Beijing Order"},"content":{"rendered":"\n
\"The<\/figure>\n\n\n\n

FILE\n PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac \nnear Toulouse, France, March 20, 2019. REUTERS\/Regis Duvignau<\/p>\n\n\n\n

PARIS (Reuters) – Airbus shares rose on Tuesday after the European planemaker won a deal worth tens of billions of dollars to sell 300 aircraft to China.<\/p>\n\n\n\n

Airbus was up 2.7 percent by 1208 GMT, with the stock having risen nearly 40 percent so far in 2019.<\/p>\n\n\n\n

French\n officials said the deal was worth some 30 billion euros (25.6 billion \npounds) at catalogue prices. Planemakers usually grant significant \ndiscounts.<\/p>\n\n\n\n

The\n Chinese order was announced late on Monday, coinciding with a visit to \nEurope by Chinese President Xi Jinping and matching a China record held \nby U.S. rival Boeing.<\/p>\n\n\n\n

Investment bank Citigroup kept its “buy” rating on Airbus.<\/p>\n\n\n\n

“We\n do not have details of the delivery schedule of this order, but China \nhas been taking about 20-25 percent of Airbus production per year and \ngiven the A320 family is sold out at announced production rates out to \n2024\/25, we believe this increases the probability of Airbus moving to a\n production rate of 70 per month,” wrote Citigroup.<\/p>\n\n\n\n

That positive view was echoed by Morgan Stanley, which kept an “overweight” rating on Airbus shares.<\/p>\n\n\n\n

“Clearly\n finalisation of this order is a positive for Airbus, and continues to \nunderpin strong order book coverage and rising production rates in \nnarrowbody,” Morgan Stanley said.<\/p>\n\n\n\n

The\n larger-than-expected order, which matches an order for 300 Boeing \nplanes when U.S. Donald Trump visited Beijing in 2017, follows a \nyear-long vacuum of purchases in which China failed to place significant\n orders amid global trade tensions.<\/p>\n\n\n\n

It\n also comes as the grounding of the Boeing 737 MAX has left uncertainty \nover Boeing’s immediate hopes for a major jet order as the result of any\n warming of U.S.-China trade ties.<\/p>\n\n\n\n

(Reporting by Sudip Kar-Gupta; Editing by Leigh Thomas and Jane Merriman)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Airbus shares rose on Tuesday after the European planemaker won a deal worth tens of billions of dollars to sell 300 aircraft to China.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[798,89,2203,1397,868,1103],"tags":[45,220,47,464,728,3906,41,446,1558,1587,447,1846,1180,2170,207,1631,1915,1555,3763,46,2519,412,2426,100,689,639,515,1288,2841,2275,3257,3907,1017,640,597,632,3764],"class_list":["post-4128","post","type-post","status-publish","format-standard","hentry","category-airbus-news","category-aviation-news","category-finance-news","category-stock-news","category-transportation-news","category-travel-news","tag-45","tag-a320","tag-airbus","tag-aircraft","tag-beijing","tag-blagnac","tag-boeing","tag-china","tag-chinese","tag-citigroup","tag-deal","tag-donald","tag-european","tag-family","tag-france","tag-french","tag-global","tag-ground","tag-jinping","tag-max","tag-morgan","tag-news","tag-officials","tag-paris","tag-planemaker","tag-president","tag-production","tag-reuters","tag-sell","tag-shares","tag-stanley","tag-tension","tag-toulouse","tag-trade","tag-trump","tag-us","tag-xi"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4128"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4128\/revisions"}],"predecessor-version":[{"id":4130,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4128\/revisions\/4130"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}