Airbus (EPA:AIR) shares gained 2.6% after an agreement was signed with China to sell up to 75 Airbus planes to a Chinese company, in a deal worth $18 billion.

During a visit to Paris by Chinese Premier Li Keqiang, Airbus boss Fabrice Bergier signed a deal for 45 confirmed orders, as well as the possibility of 30 more with the China Aviation Supplies Holding Company.

An Airbus source told AFP that the A330 will be fitted with more seats in China and will travel shorter distances than in Europe, as a solution to the country’s congested skies and airports.

Airbus has had a positive year, reporting soaring full-year profits in February.


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