Aircraft procurement company China Aviation Supplies Holding Co. (CAS) has signed a general terms agreement (GTA) covering 100 Airbus A320-family aircraft and 40 A350s.

Airbus said the GTA, which was signed during a Berlin visit by Chinese President Xi Jinping, reflects strong demand from Chinese domestic, regional, low-cost and long-haul airlines.

Airbus CEO Tom Enders called China “one of the world’s most important markets for aviation” as it rapidly grows and develops its civil aviation market.

Domestic China is set to become the world’s largest market, according to Airbus’ latest Global Market Forecast 2017-2036. As at the end of May 2017, Chinese airlines operated 1,440 Airbus aircraft, including nearly 1,230 from the A320 family.

CAS was established as China Aviation Supplies Import & Export Group Corp. in October 2002 and rebranded as CAS in December 2007.

Victoria Moores