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.
Profiting from our increasingly global economy can be as easy as investing in your own backyard. Our free report "3 American Companies Set to Dominate the World" shows you how. Click here to get your free copy before it's gone.
The article Airbus Flies High With This China Deal originally appeared on Fool.com.
Andrew Tonner, Brendan Byrnes, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.