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Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say. Initiatives from a new continental combat jet to a decision by Airbus (AIR.PA) to downgrade its UK representation, as well as the redeployment of some research projects, have left the $90-billion UK sector feeling increasingly sidelined.
The French giant lost its investment but sealed helicopter deal.
Airbus has signed an agreement to sell 140 aircraft to China, it said on Wednesday, in a deal worth almost $23 billion at list prices. The agreement, signed during a visit by Chinese President Xi Jinping to Germany, is for 100 A320 family aircraft and 40 A350 planes, Airbus said. "It's one of the biggest deals that we've signed in a long time," Airbus Group Chief Executive Tom Enders told journalists after signing the deal in Berlin.