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China Aviation Supplies Holding Company (CAS)
has signed a General Terms Agreement (GTA) with Airbus for the
purchase of a total of 140 aircraft.
The agreement comprises of
100 A320 Family aircraft and 40 A350 XWB Family aircraft,
reflecting the strong demand of Chinese airlines in all market
segments including domestic, low cost, regional and international
long haul.
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.
“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 world’s passenger
aircraft fleet above 100 seats is set to more than double in the
next 20 years to over 40,000 planes as traffic is forecast to grow
at 4.4% per year.
Emerging markets such as China continue
to be an engine for growth, with domestic traffic to become the
world’s largest market, according to Airbus’ latest Global Market
Forecast 2017-2036.
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