Embraer gains on Chinese venture speculation – Suppliers Share Wrap
Embraer shares gained 2.9% as speculation continues on the fate of its Chinese manufacturing venture. The Brazilian Government reportedly believes it is unlikely that Embraer will receive permission from the Chinese Government to move from the smaller ERJ-145 to the larger E170/E190 family. If a deal is not made, the Harbin facility is likely to close in 2011, once it finishes with its backlog.
