This photo taken on March 24, 2023 shows the first China-assembled A321neo aircraft in north China's Tianjin.(Xinhua/Zhao Zishuo)

"This decision is directly linked to our plan to increase global production of our successful A320 family of passenger aircraft," Faury said. By 2026, Airbus intended to build 75 of these aircraft per month to meet the strong demand of global customers.

The Final Assembly Line Asia in Tianjin, northern China, started operation in 2008. It has already produced over 600 aircraft, representing about 30 percent of China's Airbus A320 fleet.

"In order to support this production ramp-up, we have decided to open a second FAL in Tianjin, relying on the Chinese setup and local ecosystem, which has proved to be successful over the last decade," Faury said.

With the new FAL, which is set to become operational in 2025, Airbus is expecting to double its production capacity in Tianjin and deliver more aircraft to its customers in China and Asia, while supporting the global production increase.

According to Faury, China represents about 20 percent of the world's commercial aviation market. He predicted that over the next 20 years, air traffic in China would grow by about 5.3 percent every year, significantly faster than the world average of 3.6 percent, leading to a demand for more than 8,000 passenger and freighter aircraft between now and 2040.