Hong Kong (CNN Business) As Boeing struggles with the 737 Max crisis, its big rival Airbus has announced a huge order from China. The European plane maker said Monday that it has reached a deal to sell 300 passenger jets to Chinese airlines. China was the first country to ground the 737 Max earlier this month following the crash of an Ethiopian Airlines flight. Indonesian airline Garuda said last week that it is seeking to cancel a multibillion-dollar order for 49 737 Max aircraft from Boeing. "The 737 Max issues will further push back potential Boeing orders, but we are talking months rather than years."

Source: CNN March 26, 2019 04:14 UTC