LOS ANGELES Airbus SAS is raising its interest in a Chinese composite manufacturing joint venture as it moves to raise that facilitys share of A320 airliner assemblies.
Toulouse, France-based Airbus said it will boost its holding in Harbin Hafei Airbus Composite Manufacturing Centre (HMC) to 25 percent from 20 percent. HMC was established in 2009 with the Aviation Industry Corp. of China (AVIC), a holding company for a group of Chinese companies.
Following the deal, HMC will increase the share of the rudders that it builds for the A320, Airbus best-selling aircraft, to 80 percent of the single-aisle airliners global production from 50 percent.
Airbus also said it will work with its Chinese partners to ensure the "ramp up" of work packages for its A350 XWB twin-aisle airliner, which is due to enter service in the fourth quarter.
"The decision (to increase its share) underlines our commitment to the joint venture and its future," Airbus chief operating officer Günter Butschek said.