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Business Briefs:
New 6- and 9- seater executive jets built by Embraer-EADS Casa (Brazil/Spain) at the Portuguese Ogma-Indústria Aeronáutica de Portugal, the Portuguese defence contractor plant, will come on stream in H2 2006. The new VLJ - Very Light Jets and LJ - Light Jets are to be developed in a joint venture with BMW of Germany. The sales target is a 30% share of the world market in such planes by 2014. The market was worth €19.3 billion in 2004. The VLJ and LJ will cost €2.23 million and €5.5 million respectively. Embraer expects to sell 6000 units of the two models over the next decade. Embraer market research shows a growing dissatisfaction among high net worth individuals with commercial airline travel.
 
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