With Embraer’s Legacy 500 approaching certification and customer deliveries beginning later this year, other manufacturers are likely bracing. And they should. The Brazilian planemaker is positioning this latest business jet as a midsize aircraft, because of its 3,000-nm range and $20 million base price. It would like all to believe its main competition is the Bombardier Learjet 85, Cessna Citation Sovereign and Gulfstream G150, among others in that category. Yet, apart from measures ...

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