CAS agrees to buy 70 Airbus aircraft

China Aviation Supplies Holding Co. (CAS) has signed an agreement to purchase 70 Airbus aircraft – 43 A320s and 27 A330s. The agreement forms part of a deal to extend the A320 assembly at the Airbus Tianjin final assembly line (FAL), which is a joint venture between Airbus and a Chinese consortium that includes Tianjin Free Trade Zone and China Aviation Industry Corp. (AVIC), to continue beyond 2016. According to Airbus the two parties will continue to work on Airbus widebody programs. “Airbus and relevant Chinese parties will work toward demonstrating the interest of setting up a widebody aircraft completion