China signs $34 billion order for 300 Airbus planes as country suspends licenses for Boeing 737 Max aircraft after deadly crashes

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China signs $34 billion order for 300 Airbus planes as country suspends licenses for Boeing 737 Max aircraft after deadly crashes
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China placed an order for 290 Airbus A320 aircraft, a similar model in terms of capacity to Boeing's 737 Max.

Chinese President Xi Jinping and French President Emmanuel Macron toast during a state dinner in Paris, on March 25, 2019 — the same day their countries oversaw a multibillion deal for 300 Airbus planes.The deal is worth about 30 billion euros , French government officials told Reuters.

China signed a multibillion dollar deal to buy 300 planes from Airbus just 24 hours before its aviation authority suspended airworthiness certificates for the Boeing 737 Max 8 after two deadly crashes in the past five months. Chinese airlines operated some 1,730 Airbus aircraft as at the end of January 2019, the manufacturer said. Most of them were A320 Family planes.

Airworthiness certificates are licensed by national aviation authorities for commercial passenger or cargo planes.

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