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Economy

China will buy 100 helicopters from Airbus

1
2015-11-02 09:34China Daily/Agencies Editor: Feng Shuang

Airbus Helicopters, a unit of Airbus Group SE, said that China will buy 100 helicopters over the next 10 years from them.

The purchase is as part of a deal to set up a final assembly line in China's eastern costal city Qingdao.

Airbus Helicopters will build a complete ecosystem in China, including a final assembly line, a sales team for China-assembled H135s, as well as employ support staff for maintenance and training services.

The company said the deal gives it an edge in China, one of the fastest-growing global markets for helicopters.

It's been reported that the deal is worth more than $1.1 billion.

Airbus Helicopters currently has a 40 percent share of the Chinese civil helicopter market.

  

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