Aircraft Industry: China to buy 50 Airbus planes for Euro 2.78 Bn

Airbus A350

China has signed a deal to buy 50 planes worth Euro 2.78 Bn ($3.5bn) from Europe's Airbus.

The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.

This is the first significant deal in China for Airbus, whose parent company is EADS, since a dispute between the country and the European Union over the Emissions Trading Scheme (ETS).

An agreement on Airbus plane assembly in China was also signed, according to the Xinhua news agency.

Read more: The Statesman : Business : China to buy 50 Airbus planes for $3.5bn