Chinese Manufacturer to Supply New A320 Aircrafts
China made a deal with China Aviation Supplies and the Industrial Commerce Bank of China that allowed them to order 88 Airbus A320s from the aircraft manufacturer. The deal is worth US$ 7.5 billion and deliveries of the aircrafts will be from 2012 to 2015.
Even though China has plans to start building their own fleet of aircrafts to complete with big name manufacturers like Airbus and Boeing, China is still ordering a large numbers of A320s and 737s to keep up with the high volume of travelers flying. Buying the A320s is in the country’s interest since Airbus has been manufacturing and assembling the planes for the Chinese market in a plant in Tianjin.
In November of last year, two countries, namely China and France placed orders for 102 Airbuses but the manufacturer was only able to provide 66 of the aircrafts. As of this January, China approved the purchase of 200 Boeing aircraft amounting to US$ 19 billion with the help of US President Obama during President Hu Jintao’s visit to the US. Experts say that this deal was a long time in the making and needed proper investors.