26 March, 2019: China Aviation Supplies Holding Company (CAS) and Airbus have signed a General Terms Agreement (GTA) which covers the purchase of 300 Airbus aircraft by Chinese airlines.
The GTA was signed in the presence of Chinese President Xi Jinping and French President Emmanuel Macron by Guillaume Faury, President of Airbus Commercial Aircraft and future Airbus CEO; and Jia Baojun, Chairman of CAS at Paris, France.
The GTA includes 10 A350 XWB family aircraft and 290 A320 family aircraft which shows the strong demand in all market segments including domestic, low cost, regional and international long haul from Chinese carriers.
According to Airbus’ latest China Market Forecast 2018 to 2037, in the next 20 years, China will need some 7,400 new passenger and freighters aircraft. It shows more than 19 per cent of the world total demand for over 37,400 new aircraft.
By the end of January 2019, the in-service Airbus fleet with Chinese operators was some 1,730 aircraft, of which 1,455 are A320 Family, and 17 are A350 XWB family planes.