Mon, Jun 14, 2004
Inks $100 Million Deal To Make Parts For A380
Perhaps taking a cue
from Boeing, which last week signed a deal with two Chinese
manufacturers to build parts for several aircraft -- including the
7E7 Dreamliner, Airbus now says it's inked a $100 million deal with
a Chinese firm to build parts for the behemoth A380.
"This has been the first time for Airbus to involve China in
producing A380 components," said an announcement on Airbus's
website.
The agreement was signed in a ceremony attended by Chinese Vice
Premier Zeng Peiyan and French Prime Minister Jean-Pierre Raffarin
(below, right).
"CASGC has enjoyed a very good cooperative relationship with
Airbus for many years. With joint efforts, we hope that Airbus
could provide more modern and economic aviation products to Chinese
airlines, while CASGC could offer high quality and value-added
services to Chinese airlines," CASGC President Li Hai said.
"We are delighted that China is giving us a new vote of
confidence to our products," said Airbus President and CEO Noel
Forgeard.
"This agreement marks a
new milestone in the long standing cooperation of our two sides,"
he said.
Airbus says the A330s will give airlines the full benefit of
Airbus’ unique operational commonality, which will enable
airlines to operate the A330s and A340s using the same pool of
pilots, cabin crews and maintenance engineers.
This, says Airbus, gives airlines more crew and fleet
planning flexibility and will result in significant cost savings in
training, combined with unmatched passenger comfort.
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