Airbus signs USD 2 billion China contract

11th June 2004, Comments 0 comments

PARIS, June 11 (AFP) - The European aircraft maker Airbus signed a contract with China Eastern airlines Friday for the sale of 20 A330-300 long-range planes for around USD 2 billion (EUR 1.7 billion).

PARIS, June 11 (AFP) - The European aircraft maker Airbus signed a contract with China Eastern airlines Friday for the sale of 20 A330-300 long-range planes for around USD 2 billion (EUR 1.7 billion).

China Eastern chairman Ye Yigan and Airbus chief executive Noel Forgeard inked the deal during the visit here of Chinese Vice Prime Minister Zeng Peiyan.

The order was also signed in the presence of French Prime Minister Jean-Pierre Raffarin.

A press statement from Raffarin's office had initially said Airbus A330-200 aircraft would be sold but Airbus later made clear that the deal covered the sale of A330-300 planes.

The order was accompanied by a letter of intent to purchase 10 additional A330-300s by another Chinese company that has yet to be named.

Forgeard said the sale would be worth a little more than USD 1 billion.

At the same time two accords on aeronautic cooperation were signed, one covering the production for Airbus of aircraft doors in China while the other covers the local assembly for Eurocopter, a subsidiary of Airbus' parent company EADS, of light-weight EC120 helicopters.

© AFP

Subject: French news

 

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