The 15th China International Aviation and Aerospace Exhibition is taking place in Zhuhai, Guangdong. During the event, a key executive from Embraer (ERJ, Financial), the Brazilian aerospace company, praised Chinese firms for their role in strengthening the supply chain. Engaging with Chinese suppliers offers a promising future for Embraer, according to the company's Chief Commercial Officer of Commercial Aviation, Martin Holmes.
China stands as Brazil's largest trading partner, and both nations are looking to enhance their strategic partnership. Earlier, Brazilian President Lula expressed interest in discussing long-term strategic collaborations with China. Meanwhile, the upcoming G20 Summit in Brazil could further influence these discussions.
Embraer (ERJ, Financial) is recognized as the world's third-largest producer of civil aircraft and a major contributor to Brazil's export economy. The company is seeking strategic partners for a potential new aircraft project to enhance its competitive edge against industry giants Airbus and Boeing.
