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China to sign Airbus deal during Blair visit
(Reuters)
Updated: 2005-09-05 06:56 LONDON - China will sign a contract to buy
aircraft from European planemaker Airbus during this week's visit to Beijing by
Tony Blair, the prime minister's spokesman said on Sunday, Reuters reported.
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| An
Airbus A380, the world's largest passenger plane, flies over the Airbus
plant in Hamburg August 27, 2005. [Reuters] | The
spokesman said the contract would involve "not an insubstantial" amount of
money.
The deal will be part of a batch of contracts worth
around 2 billion pounds due to be signed between UK firms and China
and India
during Blair's four-day tour of the two countries.
He is going for EU summits with both nations at a time when Britain holds the
six-month rotating presidency of the 25-member bloc.
Blair hopes to strike deals on trade, investment and climate change at the
China meeting which takes place against the backdrop of a spat of textiles
exports.
Iain Grey, managing director of Airbus UK, will accompany Blair in China,
which is among the fastest-growing air travel markets.
The number of routes between China and Europe is expected to rise to 114 by
2023, compared with 26 routes in 2003, a Boeing study shows, while there were 45
routes linking China and Japan last year compared with nine in 1990.
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