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.
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
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
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.