China to buy 160 Airbus planes from France

China has signed an agreement worth USD 17.4 billion during the French President Nicholas Sarkozy's visit to Beijing, to buy 160 planes from French company Airbus, state-run Xinhua News Agency on Tuesday.

China to buy 160 Airbus planes from France
The deal, inked in Beijing, is composed of 110 A320 planes and 50 A330 planes, according to Airbus China.

The China Aviation Supplies Import and Export Group Corporation(CASGC) has signed an agreement to buy 150 Airbus planes, and China Southern Airlines, the country's largest carrier by fleet size, has ordered 10 A330-220s, the news agency said.

The 150-aircraft deal sealed with the CASGC, a key state-owned service provider of civil aviation products, was a huge contract compared with previous purchases made by individual carriers.

Airbus also said it had signed a memorandum of understanding (MoU) with the National Development and Reform Commission -- China's top economic planner -- to allow the Chinese aviation industry to participate in the company's manufacture of its new extra wide-body A350.

The MoU was signed by both sides in the presence of Chinese President Hu Jintao and Sarkozy.

China will continue to be the world's biggest purchaser of aircraft and engines over the next 20 years, according to a report released by the British engine manufacturer Rolls-Royce in September.

The Rolls-Royce report predicted that Chinese airlines would buy more than 3,100 new planes over the next two decades.

China has been ordering aircraft from both Airbus and the US-based Boeing, which take a lion's share of the international market, and both companies see China as an important client for its fast growing market.

On Monday, China also signed an eight-billion-Euro deal with the French company Areva to build two reactors in the southern Guangdong Province, part of about 20 cooperation documents inked between China and France during the visit of the French president.


KUNA

Güncelleme Tarihi: 27 Kasım 2007, 23:24
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