Brazil’s Embraer sells 13 Legacy 650 jets to China’s Minsheng Financial Leasing

11 October 2011

Sao Jose dos Campos, Brazil, 11 Oct – Brazilian aircraft manufacturer, Embraer has sold 13 Legacy 650 executive jets to Chinese leasing company Minsheng Financial Leasing, the Brazilian company said Monday.

The contract, which was signed during the annual National Business Aviation Association meeting in Las Vegas, according to Embraer is worth US$393 million.

These aircraft, which have a longer range than the Legacy 600 jets and a maximum capacity of eight passengers, may be manufactured in Embraer’s factory in China, although the company is still awaiting final authorisation from the Chinese government to start local production.

At the moment, according to Embraer, the factory in China is undergoing a layout change and employees are being trained for production of the Legacy 650, which will be provided by Chinese partners, China Aviation Industry Corporation (Avic).

The agreement with the Chinese government will allow Embraer to re-launch its factory in Harbin, the Embraer Aircraft Industry Company Ltd (HEAI), which has been at a halt since production of regional ERJ-145, 50-seater jets ended in the second quarter of this year.

The first Legacy 650s to be delivered to Minsheng are expected to be made in Brazil until final authorisation is given by the Chinese government. Deliveries are expected to begin this year. (macauhub)