Airbus inks deal for 50 planes
By Yang Jian |
August 31, 2012, Friday
|
Print Edition
Print Edition
CHINA yesterday signed an agreement with Germany to buy 50 Airbus planes worth up to US$3.5 billion during Chancellor Angela Merkel's visit to Beijing, the first significant order since a dispute between China and Europe over carbon emissions trading.
The leasing arm of the Industrial and Commercial Bank of China and Airbus, whose parent company is Franco-German-led aerospace group EADS, signed the deal in Beijing for 50 A320 planes.
The deal fell short of European expectations of a 100-plane order on the eve of Merkel's visit, but Airbus said it was satisfied with the deal.
"We are delighted to see ICBC Leasing placing another order for the world's best-selling single-aisle aircraft. ... We are proud to support the growth of Chinese leasing companies with our eco-efficient aircraft," said Fabrice Bregier, Airbus president and CEO.
ICBC Leasing, the financial leasing arm of the country's biggest lender, mainly focuses on aircraft and ship leasing.
It currently owns 70 large aircraft, which it leases to carriers from home and abroad. It ordered 45 of China's domestically made C919 jetliners late last year.
"We decided to order more Airbus A320-family aircraft to enhance our portfolio in anticipation of increasing demand in the aviation markets in China, the Asia-Pacific region and the world," said Li Xiaopeng, senior executive vice president of ICBC and chairman of ICBC Leasing.
Airbus and Chinese authorities also signed a US$1.6 billion framework deal to extend an Airbus A320 assembly line in Tianjin, where Merkel is due to visit.
The company owns 51 percent of the venture and China's Avic owns the rest.
The facility began delivering A320 jets in 2009, and the 100th plane will roll off the assembly line within the next few days.
The leasing arm of the Industrial and Commercial Bank of China and Airbus, whose parent company is Franco-German-led aerospace group EADS, signed the deal in Beijing for 50 A320 planes.
The deal fell short of European expectations of a 100-plane order on the eve of Merkel's visit, but Airbus said it was satisfied with the deal.
"We are delighted to see ICBC Leasing placing another order for the world's best-selling single-aisle aircraft. ... We are proud to support the growth of Chinese leasing companies with our eco-efficient aircraft," said Fabrice Bregier, Airbus president and CEO.
ICBC Leasing, the financial leasing arm of the country's biggest lender, mainly focuses on aircraft and ship leasing.
It currently owns 70 large aircraft, which it leases to carriers from home and abroad. It ordered 45 of China's domestically made C919 jetliners late last year.
"We decided to order more Airbus A320-family aircraft to enhance our portfolio in anticipation of increasing demand in the aviation markets in China, the Asia-Pacific region and the world," said Li Xiaopeng, senior executive vice president of ICBC and chairman of ICBC Leasing.
Airbus and Chinese authorities also signed a US$1.6 billion framework deal to extend an Airbus A320 assembly line in Tianjin, where Merkel is due to visit.
The company owns 51 percent of the venture and China's Avic owns the rest.
The facility began delivering A320 jets in 2009, and the 100th plane will roll off the assembly line within the next few days.
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