China’s big Airbus order isn’t quite clear for airline stocks

Chinese airlines are preparing to take off, although it may still be delayed.

Last week, China’s three largest state-owned airlines Agreed to buy about 300 aircraft From airbus His first major order since 2019, in deals valued at $37 billion, before customary discounts were granted. air China, China Eastern Airlines And China Southern Airlines– known as the “Big Three” – will begin deliveries of these jets from next year.