Airbus and China Reinforce Long-standing Partnership
November 7, 2019 | AirbusEstimated reading time: 2 minutes
Airbus and China are strengthening their long-standing partnership as both sides commit to a further deepening and broadening of cooperation in the aviation industry.
A Memorandum of Understanding on the Further Development of Industrial Cooperation was signed in Beijing by He Lifeng, Chairman of the National Development and Reform Commission (NDRC) of China and Guillaume Faury, Airbus Chief Executive Officer in the presence of Chinese President Xi Jinping and visiting French President Emmanuel Macron.
According to the MoU, both sides have agreed to take practical and effective measures for new initiatives regarding both Airbus single-aisle and widebody aircraft. As part of Airbus’ objective to reach a global A320 Family production rate of 63 aircraft per month in 2021, the Airbus Tianjin A320 Family Final Assembly Line (FAL Asia) remains on track to ramp up its production to six aircraft per month by the end of 2019, which is a 50% increase compared to its original design. A350 XWB capabilities will be extended into the Airbus Tianjin wide-body Completion and Delivery Centre (C&DC) from the second half of 2020. The C&DC is scheduled to deliver its first A350 aircraft by 2021 from Tianjin.
“We attach great importance to our long-term strategic partnership with China and its aviation industry,” said Airbus CEO Guillaume Faury. “Airbus is committed to serving this growth sector with the diverse portfolio it has to offer and we are committed to working with our Chinese partners to shape the future of the industry.”
The potential of China’s aviation market is huge: while China domestic is set to become the world’s largest market, international traffic to and from China has nearly doubled over the last 10 years. According to the Airbus Global Market Forecast, China is expected to require some 7,560 new aircraft over the next 20 years.
In both Airbus’ single-aisle and widebody aircraft programmes, cooperation is well established. In single-aisle, the FAL Asia has been successfully operating for over a decade since its inauguration in September 2008. To date, 450 A320 Family aircraft have been delivered from Tianjin to Airbus’ Chinese and Asian customers since.
In twin-aisle aircraft, the first Airbus’ widebody centre outside Europe, the C&DC—inaugurated in September 2017—has successfully performed A330 aircraft completion activities including cabin installation, aircraft painting and production flight test, as well as customer acceptance and aircraft delivery. The A350 XWB, one of the most successful widebodied aircraft ever, has garnered 913 firm orders from 51 customers worldwide.
Suggested Items
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).