Airbus Chief Executive Louis Gallois explained: "We have signed a contract for a 150 A320s and a letter of intent for 20 A350s with China, also a framework agreement for a final assembly line for the A320 at Tianjin, starting production in 2009". Latest news a few minutes ago is that they have no intention of closing the European plants. Jacques Chirac's state visit to China was the catalyst for the deal so credit must go, finally, where it is due. Still has some life in him, it seems and he might just have saved airbus. For now.