According to Epoch Times (October 15), 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.
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