PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Empresa Brasileira de Aeronáutica S.A.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

CDB Leasing from China Signs for Ten EMBRAER 190 Jets - The aircraft will be operated by China Southern Airlines
CDB Leasing from China Signs for Ten EMBRAER 190 Jets

 

NewswireToday - /newswire/ - São José dos Campos, São Paulo, Brazil, 2011/01/10 - The aircraft will be operated by China Southern Airlines. NYSE: ERJ; Bovespa: EMBR3

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Rental Services/Leasing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Embraer confirmed the sale of ten EMBRAER 190s to CDB Leasing Co., Ltd. (CLC), of China, today. The jets will be operated by China Southern, the country’s largest airline, and the third in the world. The aircraft will be used to develop new markets, and the first delivery is expected for the second half of 2011.

“Embraer is delighted to complete the first operation under the Memorandum of Understanding signed with CDB Leasing, in 2009, for the purchase and leasing of E-Jets. This deal reaffirms their strong recognition and confidence in our products, as well as in the prospects for China’s regional aviation growth,” said Paulo César de Souza e Silva, Embraer Executive Vice President, Airline Market. “We are proud to welcome China Southern as the newest E-Jet operator and another prominent airline on our customer roster. We are certain that the EMBRAER 190 will be an important tool to support the company’s market development strategy.”

“We are very pleased to make this significant deal with Embraer, and are honored to cooperate with China Southern, again. This transaction is an important measure to support the airline’s aviation market expansion in Xinjiang and the economic development of the Xinjiang region. The deal will facilitate the strategic partnership between CLC and Embraer,” said Vice President Wu Rongyang, CDB Leasing Co., Ltd.

“China Southern enjoys the good partnership with Embraer and is full of confidence in its products. The EMBRAER 190 is a successful type of aircraft with proven economics and performance, and it is well received by the market. These aircraft will be operated in Xinjiang to boost the economic development of the region. The partnership between China Southern and Embraer will certainly be further consolidated,” said Xu Jiebo, Vice President of China Southern Airlines Co., Ltd.

The deal is within the framework of a Memorandum of Understanding signed by Embraer and CLC, in December 2009, which aims to create financing opportunities for selling Embraer aircraft to the Chinese and international markets. CLC is a major financial leasing company held by the China Development Bank, and one of the most important international aviation financing institutions.

China Southern has been an operator of Embraer’s ERJ 145, since 2004, with a fleet of six jets providing regional aviation services. In 2009, the company was awarded by Embraer for its successful operation of this aircraft model, in terms of pilot training, market development and maintenance improvement.

The EMBRAER 190 went into operation in the Chinese market in 2008. Today, 80 aircraft produced by Embraer are in service in China, including the 70- to 122-seat E-Jets, the 37- to 50-seat ERJ 145 regional jet family, and the Legacy 600 executive jet. With this new order, 29 EMBRAER 190s will be delivered to China in the coming years.

The EMBRAER 190 is the third of four members of Embraer’s E-Jets family. Its cabin may be configured in one or two classes, seating 98 to 114 passengers in a comfortable four-abreast (2x2) configuration with no middle seat. The jet can fly up to 2,400 nautical miles (4,450 kilometers) nonstop. At the present time, more than 700 E-Jets are operated, worldwide, and have accumulated over 5 million flight hours.

About CDB Leasing Co., Ltd.
CDB Leasing Co., Ltd. (CLC) is a major non-banking financial institution controlled by the China Development Bank. It has registered capital of 8 billion RMB, and has approximately 60 billion RMB in total assets. The company owns the largest fleet in China and, so far, it has delivered 73 aircraft to airlines.

About China Southern Airlines Co., Ltd
China Southern Airlines Co., Ltd., one of the top three state-owned airlines in China, has 14 branches and five holding subsidiaries, as well as 53 international offices located in major metropolitan markets around the world. It operates the largest and most technologically advanced fleet, as well as the most extensive domestic network in China. Currently, the company operates 400 modern aircraft, including six Embraer ERJ 145s. In 1997, China Southern debuted on both the New York and Hong Kong Stock Exchanges, and in 2003 it was listed in Shanghai. In November 2007, the company officially joined SkyTeam, becoming the first domestic airline in the country with a global alliance.

About the EMBRAER 170/190 E-Jets family
The EMBRAER 170/190 family of E-Jets consists of four commercial jets with 70 to 122 seats, featuring advanced engineering design, efficient performance, outstanding operating economics, low emission levels and a spacious cabin without middle seats.

The E-Jets have a maximum cruising speed of Mach 0.82, can fly at 41,000 feet (12,497 meters) and have ranges of up to 2,400 nautical miles (4,448 kilometers). The high degree of commonality among the four aircraft – EMBRAER 170, EMBRAER 175, EMBRAER 190 and EMBRAER 195 – results in exceptional savings for carriers, in terms of crew training and costs of spare parts and maintenance. Another key feature of the E-Jets is the state-of-the-art, fly-by-wire technology, which increases operating safety, while reducing pilot workload and fuel consumption.

The double-bubble fuselage design provides superior comfort and includes two main passenger entrances and two service doors, thus minimizing aircraft turn-around time. The E-Jets offer much more space for passengers, in a single or dual-class layout, than other aircraft with similar seating capacities. For more details, visit EmbraerCommercialJets.com/.

The E-Jets have achieved outstanding success, with nearly 900 firm orders logged and over 700 jets in operation, worldwide. They have accumulated 5 million flight hours and transported more than 200 million passengers. This proven family is helping airlines to right size low load factor narrowbody routes, to replace older, inefficient aircraft, and to develop new markets with lower operating costs, greater efficiency, and outstanding passenger comfort. To better understand the benefits of these aircraft, when substituting older jets, visit eforefficiency.com/.

About Embraer S.A.
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the United States. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the commercial aviation, executive aviation, and defense segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2010, Embraer had a workforce of 17,009 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.3 billion.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.

North America
Christine Manna - E: cmanna[.]embraer.com.
Cell: +1 954 383 9950 / T: +1 954 359 3879 / F: +1 954 359 4755

Europe, Middle East and Africa
Stéphane Guilbaud - E: sguilbaud[.]embraer.fr.
Cell: +33 6 7522 8519 / T: +33 1 4938 4455 / F: +33 1 4938 4456

China
Tracy Chen - E: tracy.chen[.]bjs.embraer.com.
Cell: +86 139 1018 2281 / T: +86 10 6598 9988 / F: +86 10 6598 9986

Asia Pacific
Shorbani Roy - E: shorbani.roy[.]sin.embraer.com.
Cell: +65 9794 2401 / T: +65 6305 9955 / F: +65 6734 8255.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Rental Services/Leasing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Empresa Brasileira de Aeronáutica S.A.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Rental Services/Leasing articles,
CATCH Visitors via Your Competitors Announcements!


CDB Leasing from China Signs for Ten EMBRAER 190 Jets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Embraer |
Publisher Contact: Carlos Eduardo Camargo 
+55 12 3927 1311 carlos.camargo[.]embraer.com.br
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Empresa Brasileira de Aeronáutica S.A. securities in any jurisdiction including any other companies listed or named in this release.

Rental Services/Leasing via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Empresa Brasileira de Aeronáutica S.A. / Company Profile


Read Rental Services/Leasing Most Recent Related Newswires:

Zipcar Officially Launches in Breckenridge, Colorado
GE Capital Aviation Services Delivers First Airbus A320neo to Brazil’s Azul
GECAS’ Cargo Aircraft Group Announces its First 737-800NG Passenger-to-Freighter Conversion Placement with ASL Aviation Group
GECAS’ Cargo Aircraft Group Signs Purchase-and-Leaseback Deal with Korean Air for Five New Boeing 777Fs
Zipcar Officially Launches in East Point, Georgia
Zipcar and Yakima Partner to Deliver Outdoor Adventure to Urban Dwellers
GE Capital Aviation Services Delivers First of Six Leased Boeing 777-300ERs to EVA Air
Zen Business Center Opens Virtual Office in Delhi
Azoth Analytics Releases 2016-2021 Asia Pacific Business Jet Rental Market Report
Zipcar to Launch its First Floating Car-sharing Service in Brussels
GECAS’ Cargo Aircraft Group Underway with First 737-800NG Passenger-to-Freighter Conversion
Zipcar Officially Launches in Tampa, Florida
Zipcar Officially Launches in Ferndale, Michigan
Azoth Analytics Releases 2016-2021 India Car Rental Market Report
Zipcar Officially Launches in Huntsville, Alabama

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)