Airbus to double output with second Chinese assembly line FMTNews FMTBusiness
BEIJING: European planemaker Airbus said today that it will double its production capacity in China, as it seeks to bolster its footprint in a crucial market and sidestep potential geopolitical risks.
Faury later signed a framework agreement to build a second final assembly line at its factory in Tianjin, northeast China, for Airbus’ hugely popular A320 family of medium-haul jets, at a ceremony attended by Macron and Chinese president Xi Jinping.“It’s a way to be probably more in sync with the way the world is developing, with tensions and with more complexities of doing business,” Faury said.
The company has an order backlog of around 7,300 planes, with customers often having to wait years for delivery. The Chinese market represents one-fifth of global passenger air traffic, and Airbus expects growth of 5.3% a year through 2041, well above the 3.6% growth forecast at the global level.
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