TIANJIN -- Airbus (Tianjin) Final Assembly Co Ltd will begin assembly of its first Airbus A320neo in July and deliver it in September.

The airbus A320 final assembly line, a joint venture involving Airbus, Aviation Industry Corporation of China and Tianjin Free Trade zone, was founded in Tianjin in 2007.

It started production in September, 2008, and has delivered more than 300 A320 aircraft.

Starting from 2017, Tianjin plans to assemble four A320neo aircraft each month.

The A320neo is the newest member of Airbus A320 family. Compared with the other A320, the A320neo burns 15 percent to 20 percent less fuel.