Brazil's Embraer to sell 10 commercial jets to China

BRAZILIAN aircraft maker Embraer has agreed to sell 10 of its best-selling commercial aircraft to the leasing unit of China Development Bank in a deal worth about US$400 million.

Deliveries are expected to begin in the second half of the year, Embraer said in a statement. CDB Leasing will lease the ERJ-190 jets to China Southern, China's biggest airline and the world's third-biggest, the statement said. An ERJ-190, which seats up to 122 passengers, costs $40 million.
(Source:www.schednet.com)