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US$3.1b deals inked to buy 20 Airbus A330s
By Lu Haoting and Qin Jize (China Daily)
Updated: 2005-07-22 05:33

China yesterday signed deals for 20 A330 airliners worth US$3.1 billion from European aircraft maker Airbus.

Premier Wen Jiabao (centre), Foreign Minister Li Zhaoxing and visiting Spanish Prime Minister Jose Luis Rodriguez Zapatero talk as they oversee the signing of a raft of deals at the Great Hall of the People in Beijing yesterday. [CD]

The deal on the aeroplanes, which are scheduled for delivery from May 2006, was inked yesterday in Beijing after a meeting between Premier Wen Jiabao and visiting Spanish Prime Minister Jose Luis Rodriguez Zapatero.

Airbus also clinched a subcontracting agreement with China's Hafei Aviation Industry Co Ltd, which will produce parts for A320 passenger planes.

More than half of the 3,776 Airbus passenger planes in service have parts made in China.

"China is a very important and strategic part of Airbus' global picture. Airbus highly values co-operation with the Chinese aviation industry," said Gustav Humbert, Airbus' new president and chief executive officer, in a statement.

The Spanish prime minister yesterday also witnessed the launch of the Airbus (Beijing) Engineering Centre, the company's second largest engineering centre outside Europe after one in the United States.

The centre will design parts of the Airbus A350, a long-range midsize airplane to be delivered from 2010.

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