Airbus and Chinese partners to ramp up A320 production rate in Tianjin

China Will Buy 184 Airbus Jets

Airbus China names new CEO

Airbus named George Xu as chief executive officer for Airbus China, and added that Eric Chen - previously president of Airbus Commercial Aircraft China - would succeed Laurence Barron as chairman of Airbus China.

The Airbus planes are manufactured by France, with production and manufacturing facilities in Germany, Spain, China, the United Kingdom and the U.S.

Airbus China names new CEO

Ahead of Macron's trip, sources had told Reuters that Airbus was in talks about an order for 100 or more jets.

President Emmanuel Macron on Tuesday offered to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies, warning that existing trade imbalances would lead to protectionism.

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European Union hopes its negotiations on an investment pact with China will reach a "decisive stage" this year, the European Union ambassador to the world's second largest economy said separately on Wednesday, calling on Beijing to honor its pledge to open its economy to the world. Since its inauguration in 2008, the Final Assembly Line in Tianjin has assembled a total of 354 A320 Family aircraft (by 31st December, 2017).

In 2005, Xu started to work on the A320 Final Assembly Line programme in China. "We have a dynamic team here, and with the fresh blood like George joining our management team, I look forward to an even more promising future of Airbus China", said Chen. "I am confident China will continue to play a key role in Airbus global strategy", said Xu.

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China regularly splits large orders between Europe and the United States to cope with its fast-expanding airline traffic, but the momentum has recently been with rival Boeing, which sold 300 jets during a visit by US President Donald Trump previous year. That same year, Xu became party secretary of the Tianjin Youth League.

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