SAO PAULO : Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with a local partner in the northwestern city of Lanzhou, the company said on Wednesday.Anticipation of new business in China has been high since President Luiz Inacio Lula da Silva's
SAO PAULO : Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with a local partner in the northwestern city of Lanzhou, the company said on Wednesday.
Some had expected a deal for aircraft sales to a Chinese airline. Instead, Embraer announced during the Paris Air Show that it had signed a letter of agreement with Lanzhou Aviation Industry Development Group for 20 E190F and E195F passenger-to-freight conversions. A day earlier, Embraer announced fresh orders from American Airlines and Spanish carrier Binter for commercial aircraft totaling about $1 billion at list prices.Embraer said in a statement that the companies intend to cooperate on establishing conversion capability in Lanzhou to boost the introduction of first-generation E-Jet freighters to the Chinese market.
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