Airbus Plans To Open New Assembly Line In China Reflecting Strong Demand By Chinese Carriers

Airbus SE (EADSY) has signed new cooperation agreements with China's Aviation industry partners.
The company will expand its A320 Family final assembly capacity with a second line at its Tianjin site, contributing to Airbus' overall rate objective of 75 aircraft per month in 2026 throughout its global production network.
The Tianjin Final Assembly Line started operation in 2008 and has assembled over 600 A320 Family aircraft.
Airbus also signed General Terms of Agreement (GTA) with the China Aviation Supplies Holding Company (CAS) covering the purchase of 160 Airbus commercial aircraft. The financial terms were not disclosed.
The GTA comprises earlier announcements for 150 A320 Family aircraft and 10 A350-900 widebody aircraft orders.
Airbus and the China National Aviation Fuel Group (CNAF) signed a Memorandum of Understanding to intensify Chinese-European cooperation on the production, competitive application, and common standards formulation for Sustainable Aviation Fuels (SAF).
By the end of the first quarter of 2023, Airbus in-service fleet in China has risen to over 2,100 aircraft, representing more than 50% of the market.
Price Action: EADSY shares are trading higher by 1.23% at $34.28 on the last check Thursday.
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