Airbus SE share price gains on reports of this BIG China order, rises 6% in 3 days. Will the rally continue? | Stock Market News

Airbus SE share price: Shares of Airbus Group SE jumped over 3% in opening deals on Wednesday, June 4, extending their rally to the third straight session amid reports that Chinese airlines are considering placing a big order for Airbus SE aircraft. With today’s rise, the stock gained 6% in the last three sessions.

According to a Bloomberg report, Chinese airlines are considering ordering up to 300 narrowbody and widebody Airbus SE aircraft as soon as next month when European leaders visit Beijing. The order could rise to as many as 500 aircraft, one of the people told Bloomberg.

Reuters first reported in April that China has been in on-and-off negotiations to place an order for up to 500 Airbus jets.