Airbus China Agreement

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The agreement “creates the authorization framework for aircraft ordered by Chinese airlines, whether they are existing orders or future orders,” a spokesman said. The final assembly of Airbus` A319 and A320 single-sky jetliners in Tianjin, China, provides for hull improvement based on a 2019 agreement, the industrial cooperation between Airbus and the Chinese commercial aircraft aviation industry, signed in 2019 with AVIC, dates back to 1985, when the first subcontract agreement with xi`an Aircraft Company (currently AVIC Aircraft Co.Ltd) on the manufacture and assembly of access doors for Airbus A300/A310 aircraft was signed. Airbus reaffirms its commitment to its long-term strategic partnership with the Chinese aviation industry and has signed a new agreement with AVIC to deepen industrial cooperation in Airbus` single-aisl production. The agreement was signed in the Great Hall of the People in Beijing, attested by Chinese Premier Li Keqiang and a visit to Chancellor Angela Merkel. Airbus said in a statement that it has signed an agreement with china Aviation Supplies Holding Company, which covers the purchase of Airbus aircraft by Chinese airlines comprising 290 A320 aircraft and ten A350 XWBs. Airbus boss Guillaume Faury shakes hands with Chinese Chairman of the National Development and Reform Commission He Lifeng after signing an agreement in the Great Hall of the People during French President Emmanuel Macron`s official visit to Beijing, November 6, 2019 During a visit to Paris by Chinese President Xi Jinping, an agreement was signed for the purchase of A320 and A350 XWB aircraft. Macron was ashamed of the value of a probable contract originally at $18 billion. A firm order was not concluded last year, despite a second French state visit in June and a delegation of senior Airbus executives in September. The deal announced in Paris will include both Neo – for a new engine option – and so-called classic or CEO versions of the A319, A320 and A321, while the majority will be A320neo and A321neo, according to officials. China usually orders planes in large batches and then assigns them to the airlines.

“We are honored to support the growth of Chinese civil aviation with our leading aircraft families – single-aisle and wide-body,” Guillaume Faury, president of Airbus Commercial Aircraft, said in a statement. The revelation takes some of the splendor away from an announcement widely seen as the economic highlight of Chinese President Xi Jinping`s trip to Europe. Nevertheless, the deal marked a return of China`s state-run procurement agency to the aircraft market after a more than a year`s pause during global trade tensions. . . .