Singapore, February 14, 2012 - Embraer announced that the company has signed an agreement for three Lineage 1000 ultra-large executive jets with China's Minsheng Financial Leasing Co., Ltd., one of the largest financial institutions providing executive jet leasing services in China. Signed in late December 2011 and announced in a press conference, today, at 2012 Singapore Airshow, the order is scheduled to begin delivering in 2012.
In July 2011, the two parties concluded a Memorandum of Understanding in which Minsheng Financial Leasing intended to purchase Embraer executive jets, from entry level to ultra-large models.
"The agreement reinforces Embraer's already established partnership with Minsheng Financial Leasing," said Ernest Edwards, President, Embraer Executive Jets. "This deal, having closely followed the order of 13 Legacy 650s last October, is solid proof of the recognition and faith our Chinese customers have placed in Embraer and its products. We are confident that Embraer executive jets will play an important role in Minsheng Financial Leasing efforts to become one of the top executive aviation leasing institutions in Asia."
"We are delighted that the two parties could achieve this agreement on Lineage 1000 aircraft," said Kong Linshan, Chairman of Minsheng Financial Leasing Co., Ltd. "Both parties wish to offer the best products and services to Chinese customers. The Lineage 1000, with its transoceanic range, ultimate comfort and safety, will surely satisfy the demands of Chinese customers. Embraer is one of the strategic partners for Minsheng Financial Leasing, and we do wish, through the joint efforts of two sides, to promote cooperation not only between the two parties but Sino-Brazil cooperation, as well as to achieve win-win, and boost the sound development of China's business aviation."
The Lineage 1000 ultra-large jet provides an excellent balance of outstanding performance, cutting-edge technology and intelligent luxury. The jet is equipped with an advanced avionics suite, auto-throttle and a fly-by-wire flight control system, which provide pilots a highly intuitive and professional cockpit for safe and smooth trips. As the only jet in its category providing up to 19 passengers with five distinct, spacious cabin zones, the Lineage 1000 is the ultimate in comfort and state-of-the-art technology to facilitate work or rest in flight. Onboard amenities may include a queen-size bed, stand-up shower and complete audio and entertainment systems. A walk-in aft baggage area, also the largest among all business jets in the world, is conveniently accessible during flight. In 2011, the Lineage 1000 was awarded "Best of the Best Star Performer for 2011" by the Hurun Report, given to the product with outstanding performance and fast growing brand awareness.
Source: EMBRAER INKS AGREEMENT FOR THREE LINEAGE 1000 JETS WITH CHINA'S MINSHENG FINANCIAL LEASING
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