Airbus is negotiating a major aircraft order with China, matching the scale of a recent deal by rival Boeing. Boeing recently secured a smaller-than-anticipated order for 200 jets from the region.
The potential agreement positions Airbus to capitalize on demand within the world's second-largest aviation market. The European planemaker is currently increasing production rates to meet high global demand.
Neither Airbus nor Chinese officials have confirmed a firm order. These discussions signal a significant opportunity for Airbus to solidify its market share in the region.