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China Goes Airbus: Purchases 300 Aircraft

Mar 29,2019

Airbus and China Aviation Supplies Holding Company (CAS) signed a General Terms Agreement (GTA) covering the purchase by Chinese airlines of a total of 300 Airbus aircraft.

The GTA comprises of 290 A320 Family aircraft and 10 A350 XWB Family aircraft, reflecting the strong demand in all market segments including domestic, low cost, regional and international long haul from Chinese carriers.

According to AirbusĄŻ latest China Market Forecast 2018 to 2037, China will need some 7,400 new passenger and freighters aircraft in the next 20 years. It represents more than 19 percent of the world total demand for over 37,400 new aircraft.

By the end of January 2019, the in-service Airbus fleet with Chinese operators totaled some 1,730 aircraft, of which 1,455 are A320 Family, and 17 are A350 XWB Family planes.

With more than 14,600 A320 Family aircraft ordered and over 8,600 delivered, the A320 is the worldĄŻs most successful single-aisle aircraft Family.

The A350 XWB is the worldĄŻs most modern and eco-efficient aircraft family shaping the future of air travel. It is the long-range leader in the large wide-body market (300 to 400+ seats).

In the next two decades, Chinese civil aircraft market will have a strong demand rate, including 4631 trunk airliners and 726 regional aircrafts, which valued at $648.1 billion. By 2030, customer travel demand in China is expected to increase by 5%, civil aviation will become the main way for the public to travel. In the next 10 years, civil aircraft capacity will increase by 25%. Civil aircraft production will present two trends and challenges: the influence of the rise of new manufacturers and supply chain.Under this background, Chinese Society of Aeronautics and Astronautics hosted 10th Annual Civil Aircraft Industry International Forum (CAIIF 2019). CAIIF is an international forum focusing on global co-operation and advanced technology in the Chinese aircraft manufacturing industry as well as the related policy that might be adapt and use during these processes.

CAIIF delegates have represented their organizations each year through thought-provoking presentations, panel discussions and booth exhibits; as well as scores of one-on-one business meetings, many leading to new ventures with Chinese partners. As the 10th annual industrial event, CAIIF will be held in the city XiĄŻan, CHINA on September 26th-27th 2019.

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