European aircraft maker Airbus SE has signed a contract to build a new factory in China, where it will double production capacity of its best-selling single-aisle aircraft, as demand for air travel and future lucrative aircraft orders increases in one of the world’s largest aviation markets. .
Company officials stated, in statements, that Airbus for the aircraft industry will add the second final assembly line at the current factory site in Tianjin, northern China, in a deal signed today by its CEO, Guillaume Faury, on the occasion of the state visit of French President Emmanuel Macron to China. It continues until tomorrow, Friday.
The same officials explained that this step is considered a boost to confidence in the Chinese industry, as other companies rethink production in this country, after three years of zero-Covid policy, closures, and harsh restrictions on travel inside or outside China.
