Brazil’s Embraer to sell another 10 legacy 650 aircraft to Chinese leasing company

22 June 2012

ICBC Financial Leasing Co has signed a contract with Brazilian aeronautical company Empresa Brasileira de Aeronáutica (Embraer) to buy 10 Legacy 650 executive jets, the Brazilian group said Thursday in Rio de Janeiro.

The agreement, which includes five firm orders and five options, was signed with Harbin Embraer Aircraft Industry Co. (HEAI) a partnership between Embraer and the Aviation Corporation of China (Avic), and deliveries are scheduled to start at the end of 2013.

With this order, ICBC Leasing is the first customer of the HEAI’s Legacy 600/650 programme and will increase the company’s portfolio of executive jets for lease to 70 aircraft.

The new agreement raises Embraer’s total orders to 159 commercial and executive jets, including 20 form orders for the Legacy 650.

Powered by Rolls-Royce engines, the Legacy 650 started operating in 2010, and has a 7,223 reach and can fly without stop offs from Beijing (China) to Dubai (United Arab Emirates) or from Hong Kong (China) to Adelaide (Australia), carrying four passengers.

ICBC Financial Leasing Co. Was founded in 2007 with starting capital of US$1.27 billion and is the financial leasing arm of the Industrial and Commercial Bank of China. (macauhub)