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Chinese group to bid for all six Airbus plants

 
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Aiel
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Joined: 19 Dec 2006
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PostPosted: Tue Jun 19, 2007 4:13 pm    Post subject: Chinese group to bid for all six Airbus plants Reply with quote
Chinese group to bid for all six Airbus plants

China's main state-owned aerospace group is bidding to invest in or acquire all six Airbus plants, including Filton, near Bristol, that are being auctioned off under the European planemaker's plans to save more than €2bn (£1.35bn) a year, it emerged yesterday.

Lin Zuo Ming, president of China Aviation Industry Corporation (AVIC 1), said his company was bidding for all six plants - the others are in France and Germany - and, if successful, would develop them and make them more competitive. The aerospace company is also investing $400m (£200m) in a new regional jet planned by Bombardier of Canada.

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