With US-Based Rival Boeing Mired In Crisis Over 737 MAX Jet, Airbus To Sell 300 Passenger Aircraft To China 

European Aircraft manufacturer Airbus announced that it has struck a deal to sell 300 passenger jets to Chinese Airlines, reports Economic Times. The development comes in the wake of Airbus’ United States-based rival, Boeing, mired in an ongoing crisis over its best-selling 737 MAX jet.

The agreement was signed in Paris in presence of Chinese President Xi Jinping and his French counterpart Emmanuel Macron, said a statement by Airbus on Monday (25 March). The Chinese President was on a three-day visit to the France.

The deal comprises of 290 Aircraft of the A320 family and 10 from the A350 line, said the statement adding that the deal was sign of strong demand from all areas of China’s rapidly expanding aviation market, including "domestic, low cost, regional and international long haul".

However, the total value of the deal has not been revealed by the European aircraft manufacturer.

As per the report, the move comes amid the global grounding of the Boeing 737 MAX aircraft after two deadly crashes involving the same plane model took place within a span of five months.