Empresa Brasileira de Aeronautica SA, the world’s fourth-biggest planemaker, signed a $1.5 billion aircraft-finance agreement with Aviation Industry Corp. of China’s leasing arm to help boost sales in the country.
The five-year accord with AVIC Leasing Co. will cover sales in China and overseas, Embraer said in a release distributed at the Zhuhai air show in southern China, today.
Embraer has also sought government approval to build E-Jets, its newest regional jets, at a venture in Harbin, China as economic growth and urbanization spurs air travel in the world’s most populous nation. The country will probably need......
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