Airbus yesterday formally signed a contract establishing its joint-venture A320 family Final Assembly Line in Tianjin and finalized purchase agreements for the sale of 86 A320s to Chinese companies. Airbus holds a 51% stake in the FAL (ATWOnline, May 16), with the remainder held by a Chinese consortium comprising the Tianjin Free Trade Zone, China Aviation Industry Corp. I and China Aviation Industry Corp. II. Executive VP-A320 Family Program Alain Flourens has said the Chinese FAL will ...

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