Embraer Mulls China Return With Factory for Passenger Jets
- CEO sees 20-year market for 1,000 jets of size Embraer makes
- Brazilian company closed Chinese private-jet factory in 2016
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Embraer SA is likely to consider building a commercial-aircraft factory in China in two years, Chief Executive Officer Paulo Cesar de Souza e Silva said, marking a potential shift in strategy after the company shut down its private-jet plant in the Asian country in 2016.
The Brazilian planemaker will wait for its first E195-E2 aircraft to enter service in 2019 before it starts deliberating on the China plan, Silva said in an interview Friday in Singapore. The plant would be the company’s first overseas factory for a full-size jetliner.