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WorldAsiaChina's supply chain showing strong resilience and competitiveness: Guillaume Faury

China’s supply chain showing strong resilience and competitiveness: Guillaume Faury

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Guillaume Faury, CEO of European aircraft manufacturer Airbus, recently said in a written interview with Xinhua news agency that China’s supply chain has shown strong resilience and competitiveness over the past three years. China is a very important strategic cooperation market for Airbus, and the Chinese supply chain is also an essential part of the global aviation industry. Airbus recently announced that it will move to Tianjin city of China to increase the assembly capacity of A320 series aircraft. will build a second production line in Currently, Airbus has a total of four A320 series aircraft assembly facilities in the world, located in Hamburg, Germany, Toulouse, France, Mobile, USA, and Tianjin, China. Airbus’s first assembly line in Thienchin was commissioned in 2008, and has assembled more than 600 aircraft to date. Faury said the new production line will be operational in 2025, which will increase Airbus’ production capacity in Thienchin. Will double Delivering more aircraft to Chinese and Asian customers will also increase the production capacity of Airbus’ global industrial system. Today, China accounts for nearly 20 percent of the global civil aircraft market and is among the world’s fastest growing, he added. There is also one. Airbus predicts that over the next 20 years, the average annual growth rate of China’s air traffic volume will reach 5.3 percent, much higher than the world average of 3.6 percent. By 2040, the Chinese market will need more than 8,000 passenger and cargo aircraft.(Credits-China Media Group, Beijing)

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