BIZCHINA> Biz Media Digest
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BIZCHINA> Biz Media Digest
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Aviation: Foreign deals in China
(chinadaily.com.cn)
Updated: 2006-03-16 11:37 The British aerospace giant Rolls-Royce have announced that it would supply China Southern Airlines with jet engines in a deal worth US$600.0 million (499.0 million euros). China Southern has ordered Rolls-Royce Trent 700 engines to power its new fleet of 10 Airbus A330 jets, Rolls said in an official statement. The order also includes a 10-year maintenance and support package.(AFP) Frankfurt Airbus is in the late stages of negotiations to build an assembly line for its A320 passenger plane in China, a landmark deal that would significantly lift its prospects for business there. Producing European planes in China would open a new front in the battle between Airbus and Boeing for the world's next great aviation market, as well as underscore the growing role of state enterprises in the global economy. (International Herald Tribune) (For more biz stories, please visit Industries)
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