China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the acquisition of 30 A330 Fami...
China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the acquisition of 30 A330 Family aircraft and 100 A320 Family aircraft.
The 30 A330s are the firm up of the commitment signed in June 2015. The GTA was signed in Beijing by Li Hai, President and CEO of CAS, and Fabrice Brégier, President and CEO of Airbus, in the presence of Chinese Premier Li Keqiang and visiting German Chancellor Angela Merkel.
The first agreements on setting up an A330 C&DC in Tianjin, China were signed by Airbus and Chinese partners in March 2014 and witnessed by French President Francois Hollande and visiting Chinese President Xi Jinping.
This was followed in October 2014, when Airbus, the Tianjin Free Trade Zone (TJFTZ) and the Aviation Industry Corporation of China (AVIC) signed a Letter of Intent (LoI) in Berlin, Germany, in the presence of the German Chancellor Angela Merkel and Chinese Premier Li Keqiang, A framework agreement was signed in July 2015 in Toulouse.
Chinese president Xi Jinping during his Washington visit last month, have signed agreement for about 300 Boeing commercial jets and a Boeing 737 completion center in China.
