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Embraer gets nod to reopen bizjet plant in China

26-06-2012

Less than a year after China forced Embraer to halt production at its new plant in China, assembly lines could get restarted pumping out the Brazilian company’s top-of-the-line business jets. The plant, meant to build Embraer’s E-190 regional airliner, got shuttered by authorities worried that the plane would be too strong of a competitor against a regional jet design that a Chinese government-backed company is making. Being able to make the $30 million Legacy 650 in China could give Embraer an edge as more business jets start flying there. While there were only 150 business jets in China in 2010, Embraer thinks there will be more than 2,500 by the year 2030. To start, Embraer’s plant will produce about 20 new Legacy jets per year. There’s no word on whether Embraer would also make its other business jets, like the smaller Phenom series, at the Chinese plant.

http://www.bloomberg.com/news/2012-06-25/china-plant-gives-embraer-asia-jet-sales-boost-corporate-brazil.html

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