Airbus to Double Production in China as It Moves Ahead with New Orders
April 6, 2023 Updated 6:54 p.m.
PARIS — Airbus agreed on Thursday to build a second assembly line at its factory in China and was given a green light by Beijing to move ahead with 160 previously announced plane orders.
The announcement was a pointed reminder of how China remains a critical market for European companies, even as American manufacturers are pulling up stakes.
And after trumpeting a major agreement last year in which China promised to buy 292 new Airbus aircraft, worth nearly $40 billion before discounts, the company said the Chinese government on Thursday gave approval for Airbus to start making 160 of those planes.
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