Airbus, China Sign Agreement to Strengthen Production Partnership

Date : 11/06/2019 @ 9:55AM
Source : Dow Jones News
Stock : Airbus SE (AIR)
Quote : 138.4  2.0 (1.47%) @ 4:05PM

Airbus, China Sign Agreement to Strengthen Production Partnership

Airbus (EU:AIR)
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By Olivia Bugault

 

Airbus SE (AIR.FR) said Wednesday that it has signed a memorandum of understanding with the National Development and Reform Commission of China to strengthen the partnership between the European plane maker and China.

Under the MoU, Airbus and China agreed to "to take practical and effective measures for new initiatives regarding both Airbus single-aisle and widebody aircraft," the company said. Airbus' assembly line in Tianjin is on track to increase its A320 family jets' production to six per month by the end of next year, it said.

"A350 XWB capabilities will be extended into the Airbus Tianjin wide-body Completion and Delivery Centre from the second half of 2020," Airbus added.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

November 06, 2019 04:40 ET (09:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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