China orders 150 A320s from Airbus worth $10 billion
Bringing relief from its A380 superjumbo saga, Airbus Wednesday received its largest-ever order in China when China Aviation Supplies Import and Export Group Corp. (CASGC) signed a purchase agreement for 150 A320 aircraft and options for 20 A350 extra widebody planes.
Reports value the firm orders for the A320s at $10 billion. The signing ceremony was held in Beijing in the presence of the Chinese President Hu Jintao and French President Jacques Chirac.
A new Airbus assembly plant in the north China city of Tianjin will produce some of the A320s in 2009 with a planned production of four planes per month from 2011.
Since its establishment in 2002, CASGC has signed commitments for 519 aircraft for Chinese airlines.
China orders 150 A320s from Airbus worth $10 billion
