Jul 5, 2017: China Aviation Supplies Holding Company (CAS) and Airbus has signed a General Terms Agreement (GTA) for the acquisition of a total of 140 aircraft. The GTA was signed in Berlin by Tom Enders, Airbus CEO, and Sun Bo, executive vice president of CAS, in the presence of visiting Chinese President Xi Jinping and German Chancellor Angela Merkel. The agreement comprises of 100 A320 Family aircraft and 40 A350 XWB Family aircraft, reflecting the strong demand of Chinese airlines in all market segments including domestic, low cost, regional and international long haul.
“This big order is a great endorsement for our leading products in both single aisle and wide body segments”, said Tom Enders. “China is one of the world’s most important markets for aviation, and we are honoured to support the development and rapid growth of China’s civil aviation with our competitive product portfolio.”
The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is predicted to grow at 4.4 percent per year. Rising markets such as China continue to be an engine for expansion, with domestic traffic to become the world’s largest market, according to Airbus’ most recent Global Market Forecast 2017-2036.
By the end of May 2017, the in-service Airbus fleet with Chinese operators totalled some 1,440 aircraft, of which nearly 1,230 are A320 Family planes. The A350 XWB has received important endorsement from several Chinese customers. The supreme operational performance and cabin comfort of the A350 XWB will give Chinese airlines a competitive edge to draw more passengers on international routes.