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Saturday, October 28, 2006

Posted 10/28/2006 04:26:00 PM by Douglas

Another less-than brilliant idea from Airbus.
Airbus signed a framework agreement with the Chinese authorities on Thursday to build its first aircraft assembly plant outside Europe, at Tianjin in eastern China.

It also agreed a preliminary deal for its biggest single order from China, for 170 aircraft, which could eventually be worth about $14bn (€11bn) at list prices, before heavy discounts.

Airbus, a subsidiary of EADS, Europe's leading aerospace and defence group, is seeking to extend its industrial operations beyond its European base in France, Germany, Spain and the UK, and has made China a priority target both for increased sales and industrial co-operation.
Why the hell does China need to place an order for aircraft if they're getting the whole damn factory? Good move, Airbus, just give it all away why don't ya!


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