13-Apr-2011 8:59 AM

Embraer and AVIC enter framework agreement for Legacy production line

Embraer and Aviation Industry Corporation of China (AVIC) signed (12-Apr-2011) a framework agreement aiming to implement a Legacy 600/650 production line in China, using the infrastructure, financial resources and workforce of their JV company Harbin Embraer Aircraft Industry Company (HEAI). In the next few weeks, the parties will finalise the details of the project and execute the relevant documentation. For the past year, Embraer and Brazil have been lobbying China to allow the company to start producing its E-Jet family in China (Reuters, 12-Apr-2011). Embraer has not gained approval prompting it to focus on China's business jet market instead. [more]