August 28, 2012
According to Bloomberg, Airbus is near a deal with China for 100 narrow-body planes, marking a big step for Airbus after in the world’s fastest-growing aviation market. Airbus, though, remains significantly behind in the race for orders versus Boeing this year. China had previously dropped orders for some Airbus wide-body jets in response to the EU's carbon levy. This is a good sign for Airbus that it can still win orders in the country, though it's important to note that these narrow-body jets wouldn't be able to fly from China to the EU, so they couldn't be part of the levies. In the following video, Fool.com industrials editor Brendan Byrnes explains more about the dynamics of the Chinese aviation industry and which companies can win big there.
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