Airbus to increase aircraft production in China

 

Airbus, the European aircraft company, and Chinese authorities have agreed to increase cooperation in the production of commercial aircraft, agreeing on a number of initiatives related to the production of narrow-body and wide-body aircraft in China, Airbus said.

In particular, Airbus plans to increase the production capacity of an enterprise in Tianjin, China, engaged in the assembly of A320 aircraft. It is assumed that this company will be able to produce 6 aircraft per month by the end of this year.

The expansion of Chinese facilities is part of the Airbus plan, which aims to increase global production to 63 aircraft per month by 2021.

Asian Airbus customers have received a total of 450 A320s manufactured in Tianjin since 2008.

Airbus also plans to create additional production facilities in Tianjin to assemble the wide-body A350 aircraft by the second half of 2020 and begin the first deliveries of these aircraft in 2021.

Airbus Chief Executive Guillaume Faury and the head of the State Committee for Reform and Development of the People’s Republic of China (NDRC), He Lifeng, signed a memorandum of understanding in the presence of Chinese President Xi Jinping and French President Emmanuel Macron, an Airbus statement said.

“We attach great importance to our long-term strategic partnership with China and the aviation industry of this country,” Mr. Faury said.

Last month, Airbus lowered its commercial aircraft production target for this year, but still expects to reach a record high of 860 aircraft.

Airbus shares add 0.5% at auction in Paris on Wednesday. Since the beginning of this year, their value has grown by 56%.

Source – http://interfax.az/

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