China opportunities excite global aviation industry

Mutual benefit

"Cooperation makes us stronger. While China enters a new era, the global aviation industry, particularly leading enterprises, should work with China to explore a flexible, creative and win-win mode of cooperation," said Xu.

The Asia-Pacific market is also set to maintain growth, with China as the major impetus.

China is forecast to become the world's largest aviation market by the mid-2020s, according to the International Air Transport Association.

"Further opening-up encourages Airbus to proceed with confidence in deepening cooperation with the Chinese aviation industry," said George Xu, CEO of Airbus China. "Only win-win cooperation can lead to a promising future."

China has become the largest single market region of Airbus, accounting for about a quarter of its total global commercial aircraft deliveries.

In 2017, the value of industrial cooperation between Airbus and its Chinese partners reached more than $640 million, and the figure is expected to reach $1 billion by 2020.

Besides the cooperation in the market and industrial sector, Airbus is eyeing high of the innovative power from China. It has established the second global innovation center in Shenzhen, targeting to generate and cultivate the innovative power of China and worldwide.

"Airbus views China as a long-term and valuable strategic partner. We value high of the market as well as its great potential," George Xu said.