VIENNA, Sept. 4 (Xinhua) -- Austria-based aircraft parts manufacturer FACC has received an order from Airbus valued at over 500 million euros (595 million U.S. dollars), FACC said in a statement on Monday.
Under the deal, the majority Chinese-owned company is to produce overhead luggage compartments and ceiling panels for the cabins of the Airbus A320 family of aircraft.
The luggage compartments are known as Airspace XL bins, currently the largest storage option on short-to-medium haul aircraft. The bins can hold eight pieces of luggage instead of the standard five and are being developed as part of a cooperation deal between both companies.
Airbus plans to have them installed in its aircraft by the beginning of 2019.
FACC said that while Airbus currently has more than 5,000 orders for aircraft from the A320 line, there are also over 7,300 already in operation that could be upgraded with the newer storage option.
