New York CNN — Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing.
The announcement came as part of a state visit by French President Emmanuel Macron to China. The signing of the agreement by Airbus CEO Guillaume Faury was witnessed by Chinese President Xi Jinping and by Macron.
It will add another line to the final-assembly facility that Airbus opened in Tianjin, China, in 2008, which has put the final touches on 600 A320 aircraft to date.
Airbus (EADSF) operates four assembly sites around the world but it forecasts that China’s air traffic in particular will grow 5.3% annually over the next 20 years, significantly faster than the world average of 3.6%.
This will lead to a demand for 8,420 passenger and freighter aircraft…
2023-04-06 18:00:03
Original from www.cnn.com