Airbus Signs Agreement to Build Assembly Plant in Tianjin
The Airbus plant in China will be delivering its first A330 wide body passenger plane in 2018. According to the European planemaker ,Airbus has signed an agreement to create an A330 cabin completion center in the Tianjin where in the company has its final assembly plant that is used to assemble smaller A320 planes.
The contract agreement was signed together with the Tianjin Port Free Trade Zone and Aviation Industry Corp. with this agreement Airbus hopes to their increased presence will lead to more demands for the highly profitable but ageing A330 planes. On its website the Tianjin Port Free Trade Zone is expecting the construction of the plant to be finished by the fourth quarter of 2017, then the first plane to be delivered in early 2018. The plant will push further China’s goal in creating its own planes to cater to what they say is the world’s biggest air transport market. As of the moment China depends mostly on imported planes from Boeing and Airbus.
The facilities for cabin decoration, flight testing and painting of the A330 series will also be built in the next ten years in the Tianjin Port Free Trade Zone. The decision to build the plant came into agreement, in which the plant is capable of fitting two planes in a month. China ordered around 45 A330 airplanes totaling around US$11 billion including purchases of an additional 30 planes.