Brazil's Embraer sees China demand for executive jets recovering

BRASILIA, July 17 Thu Jul 17, 2014 12:27pm EDT

Related Topics

BRASILIA, July 17 (Reuters) - China's demand for executive jets is stabilizing after it weakened earlier in the year and should recover with more force in the future, the chief executive officer of Brazilian planemaker Embraer said on Thursday.

CEO Frederico Curado told Reuters in Brasilia that demand for those jets in China had grown too rapidly in the last three years.

"I think that now we will have more stability and in the medium-to-long term it (demand) will grow firmer because we are amidst an adjustment in cargo capacity," Curado said after the presidents of China and Brazil signed a raft of agreements to deepen commercial ties.

As part of the pacts Embraer agreed to sell 60 E-190 commercial passenger jets to China in a deal worth $3.2 billion at list price. (Reporting by Alonso Soto; Editing by Jeffrey Benkoe)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article