BEIJING - Airbus announced on Thursday it signed a 160 commercial aircraft purchase agreement with a Chinese partner, and it will open a second assembly line in Tianjin, further expanding its presence in one of the largest aviation markets in the world, Tu Lei reports for China's Global Times. Continue reading original article.
The Military & Aerospace Electronics take:
10 April 2023 - Over the next 20 years, China’s air traffic is forecast to grow at 5.3% annually, significantly faster than the world average of 3.6%. This will lead to a demand for 8,420 passenger and freighter aircraft between now and 2041, representing more than 20 percent of the world's total demand for around 39,500 new aircraft in the next 20 years.
In line with its sustainability strategy, Airbus and the China National Aviation Fuel Group (CNAF) also signed a Memorandum of Understanding (MoU) to intensify Chinese-European cooperation on the production, competitive application and common standards formulation for Sustainable Aviation Fuels (SAF). Earlier in September 2022, Airbus and CNAF contracted to support commercial and delivery flights in China to be operated with SAF. By the end of March, 17 delivery flights and a first commercial flight were facilitated by the two partners. This new cooperation agreement aims at optimizing the SAF supply chain by diversifying the sources and enhancing SAF production towards the ambition of using 10 percent SAF by 2030.
Jamie Whitney, Associate Editor
Military + Aerospace Electronics