Airbus must make more jets as `golden years' lie ahead for China

Spring Airlines has a message for Airbus -- produce more planes because China needs them. “Airbus isn’t producing fast enough,” Stephen Wang, VP of Spring Air said Tuesday. “There isn’t overcapacity in China. For the Chinese aviation industry, there’s still at least 10 golden years, that is 10 years of big growth.” Spring Air, which ordered 60 Airbus A320neos with a list price of US$6.3b in December, said it wants more aircraft than it has ordered because of rising demand in a country projected to become the world’s biggest air travel and aerospace market in 2 decades. To meet that demand, Airbus already has a final assembly facility in Tianjin. Spring Air is willing to take early slots for plane deliveries that might become available if another airline decides to defer or cancel an existing order, Wang said. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-02-23/airbus-must-make-more-jets-as-golden-years-lie-ahead-for-china
2/23/16