Airbus inks deal with China Aviation Supplies Holding Company for 300 aircraft

posted on 26th March 2019 by Justin Burns
Airbus inks deal with China Aviation Supplies Holding Company for 300 aircraft

Airbus and China Aviation Supplies Holding Company (CAS) have signed a general terms agreement (GTA) covering the purchase by Chinese airlines of 300 Airbus aircraft.

The GTA was signed in Paris, France by Guillaume Faury, president of Airbus Commercial Aircraft and future Airbus CEO; and Jia Baojun, chairman of CAS; in the presence of visiting Chinese president, Xi Jinping and French president, Emmanuel Macron.

The GTA comprises of 290 A320 aircraft and 10 A350 XWB Family aircraft, reflecting the strong demand in all market segments including domestic, low cost, regional and international long-haul from Chinese carriers.

“We are honoured to support the growth of China’s civil aviation with our leading aircraft families – single-aisle and widebodies,” said Faury.

“Our expanding footprint in China demonstrate our lasting confidence in the Chinese market and our long-term commitment to China and our partners.”

According to Airbus’ latest China Market Forecast 2018 to 2037, China will need some 7,400 new passenger and freighter aircraft in the next 20 years. It represents more than 19 per cent of the world total demand for over 37,400 new aircraft.

By the end of January 2019, the in-service Airbus fleet with Chinese operators totaled some 1,730 aircraft, of which 1,455 are A320 Family, and 17 are A350 XWB Family aircraft.