The Chinese authorities are holding back approval for Chinese airlines to buy 10 Airbus A330 wide-bodied jets in addition to the 35 that have already been held up due to China's displeasure with the European Union's Emissions Trading Scheme, a person in the European aerospace industry said Thursday.

European Aeronautic Defence & Space Co. NV (EAD.FR), the parent company of Airbus, said last week that the Chinese are holding up approval for 35 A330s as well as 10 A380 superjumbos that are destined for Hong Kong Airlines.

With the 10 additional A330s, the total value of the Chinese orders is in excess of $14 billion.

Airbus has already started cutting metal for some of the A330s that are scheduled for delivery starting in 2013.

China has already made downpayments on the aircraft and stands to forfeit these sums if it cancels the orders.

-By David Pearson, Dow Jones Newswires; +331 4017 17 51; david.pearson@dowjones.com

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