Brazilian plane-maker Embraer won regulatory approval for its biggest regional jets to fly in
The certification opens a new frontier for the E-190 and E-195 commercial jets as demand dries up in Western Europe amid the continent's debt woes. It also reinforces the delicate diplomacy surrounding Embraer's drive onto the home turf of Russian rival Sukhoi.
Embraer waited months for regulatory approval, which came only after Brazilian President Dilma Rousseff met with Russian Prime Minister Dmitry Medvedev on Thursday. Russia also certified Embraer's ultralarge Lineage 1000 private jet.
Diplomacy has long played a role in the big, cross-border
A 2011 visit she paid to
On Thursday, Embraer shares fell 2.4 percent in Sao Paulo trading to 13.13 reals, while the benchmark Bovespa stock index.
Embraer has booked orders from 10