China signs deal with Airbus to purchase 45 A330 planes

PARIS – On June 30, 2015, China Aviation Supplies Holding Company signed a deal with Airbus to purchase 45 330 Family aircrafts; they also signed a Memorandum of Understanding for an option to purchase 30 A330s, said Airbus in a press release published on June 30, 2015.

“China is today the most important market for aviation in the world, we can be confident that air transport in China will continue to undergo rapid growth,” said Fabrice Bregier, Airbus President and CEO, adding that “we are honored to contribute to this development.”

According to Airbus’ market forecast, China will become the leading country for passenger air traffic, given the fact that its passenger traffic grows well above the world average.  According to the aircraft manufacturer, in the 20-year period between 2014-2033, China will need more than 5,300 new commercial passenger aircraft.  At the present time, the in-service Airbus fleet with China operators comprises over 1,150 aircraft, including 150 A330 Family aircraft (http://www.chinadaily.com.cn/business/2015-07/01/content_21148953.htm).

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