China to buy 23 airbus aircraft
The China Aviation Supplies Import and Export Group Corporation (CASGC) and Airbus Monday signed a General Terms Agreement (GTA) for the purchase of 23 Airbus A320 Family aircraft.
"CASGC has enjoyed an excellent cooperative relationship with Airbus for many years. Through our joint efforts, Airbus can provide more modern and economic aviation products to Chinese airlines, while CASGC can offer high quality and value-added services to Chinese airlines," CASGC President Li Hai said.
"Airbus considers China as a very strategic and important market," said Noel Forgeard, Airbus President and Chief Executive Officer.
The A320 Family is the world's fastest selling single-aisle family, made up of the A318, A319, A320 and A321.
Airbus' A320 family is the acknowledged technological leader in the single-aisle class, with advanced features such as fuel-saving wingtip fences, weight-saving composites, and the reliability that comes from its modern design and ease of maintenance.
Airbus' A320 family is the most successful aircraft family in the world, having been chosen by more than 160 customers and operators around the world, including many in Asia. Firm orders for the Airbus A320 family stand at more than 3,200 aircraft, some 2,300 of which have been delivered to date.
Airbus's business in China has been steadily expanding since it first entered the country in 1985. The Airbus fleet in service in the Chinese mainland, Hong Kong and Macao has grown to more than 260 today from just 29 in 1995. A training and support center which represents an 80 million US dollars investment by Airbus, is fully operational in Beijing. Five Chinese companies are involved in producing parts for Airbus aircraft.