EADS Considers Aircraft Assembly Line In China: Report
European aerospace and defence giant EADS, the parent company of European aircraft maker Airbus, might build an aircraft assembly line in China, co-chief executive Noel Forgeard has told French newspaper Le Monde. "The more planes we sell, the more we will produce in Europe, even if it is not excluded that we would build an aircraft assembly line in China," he said in an interview to appear on Wednesday. Airbus, which is owned jointly by EADS and British defence group BAE Systems, already has a network of sub-contractors in China to give it a presence in a key market. Airbus has forecast that potential sales in the next 20 years to China could reach 1,600, including 200 of its super-jumbo A380 model, the world's biggest civil airliner. Rival Boeing estimates that demand from China could be in the order of 2,000 aircraft in the next 20 years. Already, the Chinese aerospace industry is expected to have a five percent stake in the development of Airbus's new mid-sized A350 aircraft, and Chinese companies are also part of the manufacturing process for the smaller A320 model, an Airbus spokeswoman said. Chinese participation in the manufacture of the A320 is set to increase, the spokeswoman added. The number of Chinese air passengers increased by 16 percent to 122 million in 2004, making the country the third-biggest air travel market in the world after Europe and the United States. All rights reserved. � 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse. Related Links SinoDaily Search SinoDaily Subscribe To SinoDaily Express Boeing Projects $770bn Market For New Airplanes In Asia-Pacific Taipei, Taiwan (SPX) Nov 08, 2005 Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region today, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. |
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