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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Airbus delivers first China-made jet AFP - Wednesday, June 24 TIANJIN, China (AFP) - - European aviation giant Airbus delivered the first A320 aircraft made at its factory in China on Tuesday, saying the event symbolised its long-term focus on the growing Chinese market. ADVERTISEMENT A giant red curtain was pulled back to reveal the jet in a hanger during a ceremony at the factory outside the northern Chinese city of Tianjin. The jet was the first to be completed at an Airbus factory outside Europe and company CEO Thomas Enders said it underlined the consortium's long-term relationship with China, one of the world's fastest-growing aviation markets. "We will build a strong future with the China aviation industry and for the China aviation industry," he said. "(Airbus) will be working increasingly with our partners in China, setting new standards." The plane was delivered to Dragon Aviation Leasing and will be used by Sichuan Airlines, a regional Chinese air carrier whose markings were already on it. It was to be flown to Chengdu, capital of Sichuan province, later on Tuesday and put into service the following day, officials said. Tianjin mayor Huang Xingguo called Tuesday's event "a historic day" for Sino-European cooperation. "We will further cooperate to write a new chapter in Chinese and European cooperation," Huang said. The ceremony also was attended by the British and French ambassadors to China, German State Secretary Hartmut Schauerte and other top Tianjin officials. Ten middle-distance A319/320 aircraft will be delivered by the end of the year, and the factory will then start to churn out up to four planes a month before the end of 2011. Laurence Barron, president of Airbus China, said the company would sell a total of 70 planes for use in China this year. Airbus said some 490 of its jets had been put into service in China so far. The Tianjin plant, modelled on Airbus' factory in Hamburg, Germany, has an investment of nearly 10 billion yuan (1.47 billion dollars) and went into operation in September in the presence of Chinese Prime Minister Wen Jiabao. The joint-venture factory, about 120 kilometres (72 miles) southeast of Beijing, is 51 percent owned by Airbus, a subsidiary of the European group EADS, and 49 percent by a Chinese aviation consortium. The venture has revealed the extent that Airbus has gone to get a foothold in one of the world's most dynamic markets. China's air market, the second biggest in the world, makes up 15 percent of sales at Airbus, which sold its first plane here -- an A310 -- in 1985. The decision to build the China plant was based on strong growth estimates that predict the nation will buy up to 2,800 passenger and transport planes over the next 20 years. These planes, of which 190 are expected to be jumbo jets, are valued at about 329 billion dollars. In the next two decades, passenger travel is forecast to increase five-fold, according to industry estimates. Airbus' goal is to gain half of the China market from now until 2012, compared with a 39 percent market share in mid-2008 and up from seven percent in 1995. Its main rival is current global market leader Boeing. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Asia Pacific Australians convicted in daughter's starving deathAP - 1 hour 47 minutes ago 5 suspected militants killed in KyrgyzstanAP - 2 hours 23 minutes ago SKorean in landmark case taken off life supportAP - 2 hours 29 minutes ago Storm strands passengers in Philippines: reportsAFP - 2 hours 32 minutes ago Report: 3 North Koreans seek asylum in SouthAP - Wednesday, June 24 Most Popular – Asia Pacific Viewed Boeing readies Dreamliner for first flight Schwarzenegger in mid-air jet drama Chubby people live longest: Japan study Botox helps Australian stroke victim to walk again F1 governing body 'not surprised' at sport's split View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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