Thursday, March 24, 2011

Brasil/China.- Embraer expands its agreement with China to finance aircraft for 1.056 million over five years

MADRID, 24 Mar. The Brazilian manufacturer Embraer has extended its agreement with ABC Leasing, a subsidiary of Agricultural Bank of China for the financing and sale of aircraft worth $ 1,500 million (1,056 million euros) for the next five years, as reported on its website the Brazilian entity. The agreement, whose aim is to sell equipment to China and other countries in the region, demonstrates the "financial community's confidence in Chinese products Embraer," said executive vice president of the Brazilian company, Paulo César de Souza.

By signing this agreement, Embraer expands cooperation with Chinese institutions, which have made 115 firm orders to Brazil and they already delivered 80 aircraft. Embraer, present in Brazil, USA. UU., Europe and Asia has 56 customers worldwide, and during the last year awarded a total of 246 devices.

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