Europe's Airbus moved to double capacity in China and strengthen access to the world's second-largest aviation market by agreeing on Thursday to build a second Chinese assembly line, as domestic travel returns to pre-pandemic levels.
The logo of Airbus is pictured at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahemoved to double capacity in China and strengthen access to the world's second-largest aviation market by agreeing on Thursday to build a second Chinese assembly line, as domestic travel returns to pre-pandemic levels.
Airbus says China’s traffic will grow by 5.3% annually over the next two decades, outstripping a global average of 3.6%. The new plant will double that and bring to 10 the number of Airbus assembly lines operating or planned worldwide, including four in Germany, two in France and two in the United States.
Witnessed by reporters, Faury signed the agreements a day after Macron said Europe must resist reducingHowever, the lack of new business fell short of some expectations after anoffice earlier said the trip would not merely consist of repackaging announcements. Diplomats say the bundling of big-ticket aircraft orders is carefully crafted at such summits, but industry officials said there was no double-counting between the two European visits.
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