Airbus and AVIC 1 of China signed $500 million A320 cooperation contract

China Aviation Industry Corporation (AVIC 1) and Airbus confirmed the extension of their cooperation in activities to produce A320 Family wing boxes in China. The protocol refers to the initial contract, with a projected total value of over US$ 500 million, signed in Beijing earlier this year between Airbus and AVIC 1, which committed the parties to the third phase of the A320 Family Wing Cooperation Programme, comprising the production of wing boxes and now also including the management of a second tier supply chain. It represents further significant progress in Airbus