Airbus to source more from China http://www.reuters.com/article/TheChinaCentury07/idUSHKG32031820070905
Wed Sep 5, 2007
By Joseph Chaney
HONG KONG (Reuters) - European plane-maker Airbus wants to source more parts from China and grab more market share from arch-foe Boeing (BA.N: Quote, Profile, Research) in a market it expects to double every five to six years.
The firm owned by EADS (EAD.PA: Quote, Profile, Research), which edged ahead of Boeing this year in the annual race to chalk up more sales, plans to buy as much as $400 million worth of parts from Chinese manufacturers by 2015, Airbus China President Laurence Barron told the Reuters China Century Summit. http://www.reuters.com/article/TheChinaCentury07/idUSHKG32031820070905