Video PlayerClose
PARIS, July 31 (Xinhua) -- France-based European planemaker Airbus on Monday said it would set up an innovation and research center in China in order to "support (its) future products and services".
"The new Airbus innovation center, which is tasked with defining the future of flight by identifying the next big change to transform the aerospace sector, will serve to strengthen Airbus' extended innovation eco-system," Airbus said in a press release.
"China's fast-paced start-up culture makes it an ideal place for Airbus to create a new innovation center. Growth has come to China from manufacturing, technology and finance nowadays," it added.
A location will be announced at a later date, according to the statement.
The European aircraft manufacturer also named Luo Gang as the center's Chief Executive Officer. He will be charged of establishing "the center to be fully operational when it officially opens later in 2017," it said.
Luo had a degree in electrical engineering from Tainjin University and an MBA from the London Business School.
The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
WADA defends pick of Swiss prosecutor under scrutiny in review of Chinese swimmers case
WADA defends pick of Swiss prosecutor under scrutiny in review of Chinese swimmers case
A.I. reveals who's REALLY winning the Drake vs Kendrick beef
Benjamin Mendy has bankruptcy case dismissed: Ex
Nottingham stabbing victim Grace O'Malley
Trainer and Brehm can find a few perks amid New Orleans disappointment
Minnesota legislators consider constitutional amendment to protect abortion and LGBTQ rights
Remote Lake Superior island wolf numbers are stable but moose population declining, researchers say
Amanda Holden, 53, sends pulses racing in a skimpy black bikini during lavish yacht trip in sun
WADA defends pick of Swiss prosecutor under scrutiny in review of Chinese swimmers case