Assembly line in China completes 100th A320 Family aircraft

Visiting German Chancellor Angela Merkel and Chinese Premier Wen Jiabao presided over a grand gathering of some 1,000 people in Tianjin to celebrate the completion of the 100th A320 Family aircraft assembled at the Airbus A320 Family Final Assembly Line China (FALC), which is a joint venture between Airbus and its Chinese partners. One day before the celebration, a framework agreement was signed by Airbus, Tianjin Free Trade Zone (TJFTZ) and the Aviation Industry Corporation of China (AVIC), the two parties of the Chinese consortium that hold a 49% stake in the FALC joint venture, concerning the shared intention to continue the cooperation on the project beyond the current business plan, which is due to expire in 2016.