MIAMI – The China Aviation Supplies Holding Company (CAS) has signed an agreement for the purchase of 140 Airbus aircraft. The purchase is comprised of 100 Airbus A320 aircraft and 40 Airbus A350 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 two world leaders were meeting ahead of this week’s G-20 summit in Germany.
“This is a great endorsement for our leading products in both single aisle and wide body segments”, said Tom Enders. “China is today 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 order is a strong rebound for Airbus after a less than stellar Paris Air Show last month. China has long been seen as an important market for commercial aviation due to its large untapped market potential and growing middle class.
By the end of May-2017, a total of 1,440 Airbus aircraft had been delivered to Chinese customers. Of these 1,440 aircraft, a staggering 1,230 are A320 family aircraft.
To date, the A350 has seen mild success in China. Several airlines including Air China (10), China Eastern (20), and China Southern (20) have ordered the A350.