Airbus optimistic about Chinese market
Print Edition
AIRBUS said it expects China’s aviation market, the world’s second-largest, to come out relatively unscathed from the country’s economic slowdown and provide demand for 5,400 new airplanes over the next 20 years.
The European planemaker is also considering boosting its bets on China, and is studying if it should increase the production rate at its A320 assembly line, Airbus China chief Eric Chen said.
Set up in 2008, Airbus’s A320 line in Tianjin is located adjacent to a new A330 completion and delivery center. Chen said ahead of a ground-breaking ceremony for the center that Airbus expects the new A330 centre to deliver a jet per month starting in 2017, rising to two per month in the following two years.
Despite China’s economic slowdown, aircraft manufacturers like Airbus and Boeing remain buoyant about the long-term demand for air travel in the country.
The number of Chinese leisure travelers going overseas for the first time topped 100 million in 2014, official data showed. Foreign travel is tipped to grow another 10 percent this year as the US, France and Australia ease visa policies.
State-owned carriers Air China, China Eastern Airlines, China Southern Airlines and their subsidiaries dominate the Chinese airline market.
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