French President Jacques Chirac (right) meets with Chinese
Premier Wen Jiabao at the Elysee Palace in Paris yesterday during the second day
of Wen's four-day visit to France. ¡ª Philippe Wojazer
China pledged to buy 150 mid-range planes worth nearly US$10
billion from European aircraft maker Airbus under a framework agreement
concluded yesterday during a visit by Premier Wen Jiabao.
The contract,
signed by Airbus Chief Executive Gustav Humbert and the president of the China
Aviation Supplies Import and Export Group, Li Hai, involves single-aisle planes
from the A320 family, which typically seat up to 185 passengers.
Wen and his
French counterpart Dominique de Villepin also were present, overseeing the
signing of 16 deals worth a total US$10.5 billion in range of industries.
The
European plane maker described its agreement as "the largest single order that
Airbus has ever received since it entered the Chinese market two decades
ago."
Under the deal, A319s, A320s and A321s - all part of the A320 family -
will go to Air China, China Eastern Airlines, China Southern Airlines, Sichuan
Airlines, Shenzhen Airlines and Hainan Airlines.
Airbus, owned 80 percent by
the European Aeronautic, Defence and Space Co and 20 percent by Britain's BAE
Systems, is seeking to topple US rival Boeing's dominance of the Chinese civil
aviation sector by battling its way up to a 50 percent market share. It now
holds around a third of the Chinese market, compared with Boeing's 60
percent.
Boeing last month landed firm orders for 70 of its mid-range 737s
and options for another 80 during a visit to China by US President George W.
Bush last month.
China said it would buy between 1,800 and 2,700 planes from
the two companies - the world's leading commercial airline manufacturers - over
the next two decades.
Among the other deals, French telecommunications
equipment maker Alcatel said it signed a contract with China Satellite
Communication Corp to design and manufacture a new-generation satellite.
Eurocopter and a Chinese firm signed a contract for the development of a
six-ton helicopter. Also signed was a US$175 million financing arrangement
for a high-speed rail link.
The Airbus order was announced on the second day
of Wen's visit to France.
On Sunday afternoon, he visited the plane maker's
headquarters in Toulouse in southwestern France and attended the signing
ceremony of a memorandum of understanding between the European aircraft maker
and the National Development and Reform Commission of China.
The agreement
includes the "possibility" of building an assembly plant for mid-range Airbus
planes in China.
Wen, accompanied by a 70-member delegation, is on a four-day
visit to France, the first leg of a European tour that will also take him to
Slovakia, the Czech Republic and Portugal.
(Xinhua)