Airbus agreed on Thursday to open a new assembly line in China, doubling its capacity in the world's second-largest aviation market, as it won the green light from Beijing to go ahead with 160 previously announced plane orders on Thursday.
The logo of Airbus is pictured at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Maheagreed on Thursday to open a new assembly line in China, doubling its capacity in the world's second-largest aviation market, as it won the green light from Beijing to go ahead with 160 previously announced plane orders on Thursday.
Airbus last year reported the sale of 292 aircraft to China, where commercial airplane deals must be endorsed by the government before aircraft can be delivered. China used to split jet purchase deals between Airbus and Boeing but deals with the U.S. planemaker have slowed amid rising tensions between Beijing and Washington.Existing plans call for capacity of 6 planes a month, according to a previous industrial accord announced in 2018.
China represents over 20% of the aircraft market and is also bringing its own competing plane, the C919, into service.
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