Airbus wins Chinese corporate jet order
Published on Nov 14, 2012 7:03 PM
SHANGHAI (AFP) - Airbus said on Wednesday that it had won an order from a Chinese customer for a corporate jet as the European plane maker seeks to make greater inroads into the country's young market.
Foreign companies are eyeing China's growing market for corporate jets, supported by rapid economic growth which has created a new class of wealthy individuals.
The latest Airbus deal marks the first time a Chinese customer has ordered the ACJ319 corporate jet with the option of a special wingtip device that reduces drag and saves fuel, the company said in a statement.
The order brings the total for its corporate jets in China to 25 since the first in 2005, Airbus said in an announcement coinciding with China's premier airshow in the southern city of Zhuhai.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here