China’s Xinhua news agency has announced that the Chinese Government has signed US$3.5bn contract to purchase 50 airliners from Airbus. A deal has also been struck to assemble the aircraft in China.
They are part of a series of trade commitments that are being signed by German Chancellor Angela Merkel during a two-day visit to China.
This is Airbus’ first major contract in China for Airbus, and is perhaps especially significant because of the on-going disagreement between China and the European Union over the widely-controversial Emissions Trading Scheme (ETS), which was introduced
on January 1, 2012.
The ETS charges airlines for the carbon emitted by their aircraft; not just over EU airspace, but for the whole of their flight. China is one of several countries that say this tax is unfair.