Airbus and Chinese consortium signed on June 28 the joint venture contract for the Airbus A320 Family Final Assembly Line that will be built in Tianjin.

Airbus and Chinese consortium signed on June 28 the joint venture contract for the Airbus A320 Family Final Assembly Line that will be built in Tianjin. Airbus will have a 51-percent stake in the joint venture and the Chinese consortium--composed of Tianjin Free Trade Zone, China Aviation Industry Corp. I and China Aviation Industry Corp. II--will hold 49 percent.