Sun, October 12, 2008
Airbus opens its final assembly line in Tianjin
Airbus has opened an assembly line in the Chinese port city of Tianjin. This is the first time that Airbus has opened an assembly line outside Europe.
The plant which cost €800 million plant, will produce the company’s A320 aircraft. It is expected to deliver its first completed craft next summer, and to be producing four planes a month by 2011.
Airbus chief executive Tom Enders described the new plant as a ‘‘key pillar of the internationalisation strategy of Airbus’’, and said that it would help the company gain a foothold in ‘‘one of the most important aviation markets today and certainly tomorrow’’.
While Airbus’s traditional customer base in Europe and the US is hobbled by rising oil prices and lower passenger numbers, with many airlines lurching towards bankruptcy, Airbus executives are looking to exploit a rich stream of potential revenue in China’s booming air industry.
They estimate that China will need 3,000 new aircraft by 2025, and that up to one in five Airbus orders could come from China in the years ahead,.
Earlier this year, the Chinese government earmarked 450 billion yuan for the construction of 97 new airports by 2020,with half of those due for completion within just two years. China had just 145 airports at the end of 2006.
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