Brazil: Brazil’s Embraer sells five jets to China’s Kun Peng Airlines

15 July 2008

Sao Jose dos Campos, Brazil, 15 July – Brazilian aircraft manufacturer Embraer said Friday it had signed a contract for the sale of five Embraer 10 jets to Chinese company Kun Peng Airlines.

According to a statement published on its website, the deal is valued at US$187.5 million and the aircraft will be configured to carry 98 passengers in two classes.

The first delivery is scheduled for 2008, the statement said.

Based in the Chinese city of Xian, Kun Peng Airlines is a joint venture between Chinese company Shen Zhen Airline, which has a majority stake and the Mesa Air Group of the United States.

Kun Peng Airlines began operating in September 2007 and curently operates over 20 routes, according to Ambraer’s statement.

Embraer was founded in 1969 and manufactures commercial jets with up to 120 seats and is one of Brazil’s biggest exporters.

Based in Sao Jose dos Campos, in the state of Sao Paulo, the company has offices, industrial units and servicing workshops in Brazil, the United States, France, Portugal, China and Singapore.

China accounts for 15 percent of Embraer’s total turnover, making it the company’s third largest market, after the United States and the European Union.

The Brazilian aeronautical company since 2002 has had a joint venture to manufacture aircraft with China’s AVIC II in Harbin, northern China.

The Chinese-Brazilian partnership ahs already manufactured and delivered 20 aircraft in China and has a a portfolio of orders for 46 airplanes. (macauhub)