Embraer delivers first E195 aircraft to Tianjin Airlines

Two planes fly past each other above Tianjin, north China

Brazilian aeronautical company Embraer delivered two E195 jet aircraft to Tianjin Airlines, a company that became the first customer of this aircraft model in China, Embraer said in a statement.
Embraer also said, according to the statement issued in São José dos Campos, that these two E195s, with a maximum capacity of 124 passengers, were part of a contract that Tianjin Airlines signed in 2014, during the visit of Chinese President Xi Jinping to Brazil, for the purchase of 20 E195 jets and 20 E190-E2 jets.
Guan Dongyuan, senior vice president of Embraer and chairman of Embraer China, noted at the time that Tianjin Airlines was not only the company’s biggest customer in the Asia/Pacific region but also the manager of the first Embraer authorised service centre in China.
Tianjin Airlines currently operates the largest fleet of E190 jets in China, with 45 aircraft.
Embraer Aviação Comercial has an 80-percent share in the Chinese regional aviation market and to date has delivered 130 aircraft, of a total of 188 firm orders, 21 of which are pending approval from the Chinese government. MDT/Macauhub

Dili, the capital of East Timor

Chinese bank grants loan to East Timor

The Export Import Bank (ExIm) of China has granted a soft loan of USD50 million to East Timor for expansion and modernization of the Dili sewage system, the Timorese Ministry of Finance said.
In a statement, the Ministry of Finance also said the contract was signed on 18th December by Finance Minister Santina Cardoso and the Chinese ambassador to East Timor, Liu Hongyang, representing the state bank.
The loan granted by the Chinese bank has a 2 percent interest rate over 20 years, a grace period of five years and a maturity of 20 years, and its conditions are quite favorable, as it includes a donation equivalent to 27.76 percent of its value.
At the signing ceremony, the minister said the loan would significantly help to improve urban development and quality of life in Dili. MDT/Macauhub