Embraer signed a preliminary agreement with AVIC (Aviation Industry Corp. of China) for their Chinese joint venture company, Harbin Embraer Aircraft Industry Co. (HEAI), to set up a Legacy 600/650 production line in China. The preliminary deal calls for output at the joint venture to shift from 50-seat ERJ-145 regional jets to Legacy 600/650 business jets, which are derived from the ERJ-135/145 family. As we go to press, Embraer says it expects to finalize the details of the new arrangement ...
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