Airbus is offering an industrial partnership with China on the A380 if Chinese airlines place orders for the world’s largest passenger jet, whose future is in doubt unless it wins new customers.
Fabrice Brégier, Airbus’s outgoing chief operating officer, will hold early stage discussions on the subject when he heads to China on Monday as part of a trade mission accompanying French president Emmanuel Macron on his first state visit to the country.
Airbus is also proposing to increase production at its Tianjin final assembly line, where it produces four A320 single-aisle aircraft a month. It could increase the rate to five a month, according to people close to the discussions, which would be factored into the planned global increase from just over 50 currently to 60 a month by next year.
In Asia Pacific equities, Sydney’s S&P/ASX 200 index is up 0.3 per cent and Tokyo’s Topix is up 0.9 per cent while futures tip Hong Kong’s Hang Seng to rise 0.4 per cent at the open.
The economic calendar for Monday is getting a late start (all times Hong Kong):
- 13.30: Australia foreign exchange reserves
- 16.00: Taiwan imports, exports and trade balance
- 17.00: Singapore foreign exchange reserves
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