Airbus SE (AIR.FR) said Tuesday that it will ramp up production of its A320 aircraft in Tianjin to six a month as part of an agreement signed with its Chinese partners.
The France-based plane maker said that the agreement targets a monthly rate of five aircraft by early 2019, and then of six aircraft a month by early 2020.
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The company assembled 354 units of the A320 in Tianjin between 2008 and the end of 2017, it added.
Airbus also signed a memorandum of understanding with China's National Development and Reform Commission to enhance industrial cooperation in Tianjin and strengthen cooperation on technical innovation, engineering capabilities and supply-chain expansion.
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(END) Dow Jones Newswires
January 09, 2018 07:53 ET (12:53 GMT)