Brasilia, Brazil: Brazil will announce the sale of about 25 planes made by Embraer SA to Chinese airlines on Thursday during a visit by China's President Xi Jinping, a Brazilian official said.
President Dilma Rousseff's international affairs advisor, Marco Aurelio Garcia, said on Friday that the aircraft sale and plans for cooperation in infrastructure projects in Brazil, such as railways, will be among a series of agreements to be unveiled.
Embraer has been seeking to expand its manufacturing operations in China, a key market for the world's third-largest commercial plane maker.
But plans to refit its regional jet plant in Harbin to make the larger E-Jets were not approved by Chinese authorities as China is investing in a competitor in that size of aircraft.
Instead, Embraer is making the Legacy 650 business jet in Harbin, though the outlook for Chinese business jet sales has dimmed recently with a general chilling of conspicuous consumption in China.
Xi will make a state visit to Brasilia after attending a summit of the BRICS leading emerging market nations that will launch a development bank and emergency reserves fund to advance financial cooperation between the five nations, Brazil, China, India, Russia and South Africa.
President Dilma Rousseff's international affairs advisor, Marco Aurelio Garcia, said on Friday that the aircraft sale and plans for cooperation in infrastructure projects in Brazil, such as railways, will be among a series of agreements to be unveiled.
Embraer has been seeking to expand its manufacturing operations in China, a key market for the world's third-largest commercial plane maker.
Instead, Embraer is making the Legacy 650 business jet in Harbin, though the outlook for Chinese business jet sales has dimmed recently with a general chilling of conspicuous consumption in China.
Advertisement
© Thomson Reuters 2014
Advertisement
COMMENTS
Advertisement
Record Heat Temperatures In Ukraine After Russian Attacks On Power Plants Jay Shah To Take Over As ICC Chairman By End Of 2024? All Eyes On AGM This Weekend Meta Rolls Out 'Verified Subscription' Plans In India - Range: Rs 639 To Rs 21,000 Amid Huge Row, Karnataka Pauses Bill For Reservation In Private Sector Firms Travel Influencer Aanvi Kamdar Dies After Falling Off A Waterfall Near Mumbai UP Banker Dies By Suicide After 6 Months Of Bullying, Body-Shaming Major Crackdown Launched On Terror Network In J&K After Doda Encounter UK's New Government Vows To Remove 92 Unelected Peers From Upper House EU's Carbon Tax Could Cost India 0.05% Of GDP: Report Track Latest News Live on NDTV.com and get news updates from India and around the world.