Airbus signs deal for second China factory
July 3 , 2015
Airbus has signed a deal for a new cabin-completion factory in China as the plane maker increases its engagement with the Asian giant.
The deal, estimated to be worth €150 million, comes days after China inked an agreement for 45 new Airbus aircraft worth over $11 billion.
This will be Airbus’s second China factory and it aims to attract new orders for the company. It will be built beside an existing site in Tianjin city.
The deal was signed in presence of Chinese prime minister Li Keqiang at the French headquarters of Airbus.