Airbus to Build New China Jet Factory as Apple Pulls Back
- Second final assembly line to double capacity at Tianjin site
- China bet is key part of plan to lift A320 output: CEO Faury
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Airbus SE will double production capacity in China of its top-selling jet in a bold bet on future demand in one of the world’s biggest aviation markets.
The European planemaker will add a second final assembly line for A320 narrow-bodies at its existing factory in Tianjin, under a deal signed by Chief Executive Officer Guillaume Faury in Beijing on Thursday. The move is a boost for Chinese manufacturing as other firms like Apple Inc. rethink production in the nation amid rising tensions with the US.