EMBRAER, now very well established as one of the world”s leading aircraft manufacturers, is to develop an entirely new range of aircraft to complement its EMB135 based Legacy corporate jet. Aimed at the Very Light and Light categories the two distinct aircraft types will be aimed at the 6 to 8 people category and for up to 9 people. Based upon in-depth market assessments, Embraer has estimated demand for approximately 3,000 Very Light and Light Jets over the next decade. This figure does not include the air taxi market. The Very Light Jet is expected to enter service in mid-2008 and will be priced at $2.75m in 2005 economic conditions. The larger, faster Light Jet is expected to enter service in mid-2009 and be priced at US$ 6.65m in 2005 economic conditions.
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