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.
  • Photo Via Company
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