Airbus signs parts deal with Korean group

European aircraft manufacturer Airbus said on Monday it had signed an agreement with Korean Air Aerospace, which is to provide vertical winglets for the Airbus A320.
Airbus said the parts, which are attached to the end of aircraft wings to reduce wing drag, will be sent to Airbus factories in Toulouse, France, Hamburg, Germany and Tianjin in China.
Airbus is to deliver the first batch of A320s equipped with the winglets near the end of 2012.
The parts should also make possible a reduction in fuel consumption of up to 3.5 percent.