Airbus to Increase Production of A320 Aircraft in China

By Euan ConleyFeaturesDow Jones Newswires

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)