China's CAS signs GTA with Airbus for 60 aircraft
- Eco-efficient Airbus aircraft support fast growing Chinese civil aviation
China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for the purchase of 60 Airbus aircraft, which includes 42 A320 Family aircraft and 18 A330 aircraft.
The GTA was signed today at the Great Hall of the People in Beijing by Li Hai, President and CEO of CAS and Fabrice Brégier, President and CEO of Airbus in the presence of the visiting French President François Hollande and the Chinese President Xi Jinping. It was part of a series of France-China agreements signed today.
Commercial Aircraft Leasing
“We are delighted to receive a new order from our long-standing customer CAS for both the Airbus best-selling single aisle A320 Family and wide-body A330 Family,” said Fabrice Brégier, President and CEO of Airbus. “The A320’s high reliability and low operational cost has made it very popular with Chinese airlines. As congestion puts pressure on airports in large cities in China, the A330 is an excellent solution as larger aircraft can transport more passengers with less flights. The comfort of the A330’s spacious cabin is also appealing to passengers. These eco-efficient Airbus aircraft will contribute to the growth and success of China’s aviation sector,” said Fabrice Brégier.
By the end of March 2013, there were some 750 A320 Family aircraft in operation with 14 Chinese airlines and more than 110 A330s in operation with six operators.
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Source : Airbus, an EADS N.V. company (Paris: EAD.PA)