China extends Airbus production venture, unblocks A330 deal


  • World
  • Thursday, 27 Mar 2014

PARIS (Reuters) - China signed a new 10-year accord on Wednesday allowing Airbus to assemble A320 planes on its soil until 2025 and unblocked orders for larger jets worth more than $6 billion, restoring ties after a row with Europe over aircraft emissions.

Watched by visiting President Xi Jinping and his French counterpart Francois Hollande, Chinese officials in Paris also signed deals to co-produce 1,000 French EC-175 helicopters over 20 years with Airbus Group's helicopter division and to co-operate on turbo-prop engines with France's Safran.

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