Page 36 - AAA SEPTEMBER-OCTOBER 2012 Online Magazine

BUSINESS JETS

PRIVATE JETS

AVIC and Embraer to
build jets in China
Embraer and the Aviation Industry
Corporation of China (AVIC) have signed
an agreement to build Embraer’s Legacy
600/650 executive jets in China using
Bombardier says Business Aircraft their joint venture, Harbin Embraer
Aircraft Industry (HEAI). “This new
performed in Q2 phase of AVIC-Embraer partnership
In its financial results for Q2 2012, the company explained that the increase corroborates what has been referred
Bombardier announced that Bombardier was mainly due to higher deliveries to by state leaders of both countries as
Aerospace’s revenues amounted to of business aircraft in the medium ‘a model of South-South cooperation’,”
US$2.3 billion for the three-month and the large business jet categories. said Frederico Fleury Curado, Embraer
period ended June 30, 2012 with Furthermore, Bombardier said that they President and CEO. In addition, Tan
deliveries of 62 aircraft, compared to had received a firm order from NetJets Ruisong, President of AVIC said, “As the
US$2.1 billion for the corresponding Inc. for 100 Challenger business jets, a leader of China’s aviation industry, AVIC
period the previous year. In the report, deal valued at US$2.6 billion. will seize the opportunity to develop a
platform building executive jets that
Positive will meet the demand of the global and
China markets, and ultimately assist
future China’s executive aviation industry
for Asia’s progressing into a new stage.”
executive
jets ICBC Leasing buys

According to 10 executive jets
attendees at the China’s ICBC Financial Leasing has
Asian Business Aviation conference signed a deal for 10 Legacy 650 executive
and exhibit in Macau, the Asia business jets with Harbin Embraer Aircraft
jets market is on the rise, particularly G200 aircraft added Industry (HEAI). “It is really inspiring
in China. Although there are a few to Asia Jet’s fleet news that right after its inauguration
challenges to overcome, such as of the Legacy 600/650 production
government restrictions and a limited Early this year, Asia Jet announced programme in China, HEAI welcomes
amount of infrastructure for landing the addition of a brand-new G200 to its ICBC Leasing as the first customer,”
and storage, the Asia Times reported fleet. Mike Walsh, Asia Jet’s CEO, said, said Guo Dianman, Chairman of HEAI.
that participants at the conference “The Gulfstream G200 is ideally suited “By fully leveraging all resources, with
said on the whole, the situation has to travel non-stop from Hong Kong the dedicated collaboration of AVIC
been changing for the better. As to some of our clients’ most popular and Embraer, HEAI will provide the
Chuck Woods, Asian Business Aviation destinations, including Singapore, outstanding and reliable performance
Association chairman and CEO of Tokyo, Beijing and Shanghai.” The G200 for which the Legacy 600/650 is known.”
charter service Jet Asia commented, is one of three types of aircraft in the Deliveries are expected to begin at the
“China is on everybody’s radar.” company’s Asian fleet. end of 2013.

36 ASIAN AIRLINES & AIRPORTS SEPTEMBER / OCTOBER 2012 WWW.ASIANAIRLINES-AIRPORTS.COM