Airbus to Source More from China – Joseph Chaney

plans to enhance its partnership with China by ordering millions of dollars worth of Chinese-made airline components.

From Reuters:

European plane-maker Airbus wants to source more parts from China and grab more market share from arch-foe Boeing in a market it expects to double every five to six years.

The firm owned by EADS, which edged ahead of Boeing this year in the annual race to chalk up more sales, plans to buy as much as $400 million worth of parts from Chinese manufacturers by 2015, Airbus China President Laurence Barron told the Reuters China Century Summit. [Full Text]

See also China Daily reporter Lu Haoting’s interview with Laurence Barron on why Airbus has partnered with Chinese manufacturers.

[Image: Laurence Barron, Airbus China president, shakes hands with Feng Zhijiang (right), president of Tianjin Port Free Trade Zone and Tianjin Airport Industrial Park Administrative Committee. From ChinaDaily.]

September 5, 2007 2:39 PM
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Categories: Economy