China Aviation Supplies Holding Company (CAS) signed a General Terms Agreement (GTA) covering the purchase of 300 Airbus aircraft by Chinese airlines in total.
The GTA was signed in Paris, France on Monday, and the order comprises of 290 A320 Family aircraft and 10 A350 XWB Family aircraft.
According to Airbus’ latest China Market Forecast 2018 to 2037, China will need some 7,400 new passenger and freighters aircraft in the next 20 years. It represents more than 19 percent of the world total demand for over 37,400 new aircraft.
Airbus has more than 14,600 A320 Family aircraft in order and over 8,600 delivered.