Chavez: Venezuela to buy Embraer, Airbus jets

The Brazilian Government contributed to the early growth of Embraer giving it contracts and helping to increase its product line, and the company sold solely to the domestic market until 1975.

While military aircraft made up the majority of Embraer's products during the 1970s by 1985 a regional airliner had debuted, the Brasilia Aimed at the export market, this plane marked the first of Embraer's highly successful small airliners.


In 1974 the company started to produce Piper Aircraft light planes under license. Piper first put together knock-down kits in their US factory for Embraer to assemble & market in Brazil & Latin America] but by 1978 most of the parts and components were being sourced locally. Between 1974 and 2000 nearly 2500 license-built Pipers were produced by Embraer.

They now export worldwide with local used technologies !

Buy South American....!! even American Airlines is buying south american airplanes !...the american workers are too busy working at Wal-Mart or cashing their unemployment benefits !

Not only is Bolivia buying these jets, it plans on launching a $500 million satellite. The 2nd poorest country in the world will propel itself into space so that it can take Landsat pics of its coca fields. Such progress, the Aymara Pachamama will bless this absurd, bloated debt load.

hope "pineapple head" is the first to fly on an airbus.
with no chute of course.

Perhaps he can use one on his flight to asylum. Man has destroyed the country and opened the door to use by the drug lords and a shipment point. Simply look to where the aircraft that are stolen in Domincan republic end up

Exon, he is giving free heating oil to the U.S.,WAKE UP

Why is Venezuela using credit, its one of the richest oil country in the world.

What a loser! Buying used Airbus jets. This country would be in mud huts without oil. No entrepreneurs, no manufacturing and ZERO technology companies. They have a bleak future!

why does a commie country need airlines ?? the citizens aren't allowed to leave !!

boycott citco.....chavez sucks and sean penn his boy freind says he does a pretty good job at it!!!

Hugy, when you buy Embraer, you are buying much of American technology. A lot of the guts of that Brazilian made jets are American.

The Brazilians had better get their money up front. He is a thief.

most comments show how illiterate most americans are,educate yourself in the first place,stupid.

these comments express the ingorance of brainwashed americans. the media tells you what to think and you devour it with fervor. the american empire is fighting hard to maintain its control, but at the expense of its citizens. all of these wars, just to maintain cheap oil, to maintain the army needed to maintain wars. its a vicious circle that leads to taxpayer serfdom. fortunately, many are awaking to the truth. will you?

Don't be a MeoConArtist. Go Redneck...Buy Boeing and don't worry about cracks in the wings. Someone's misinformed...Venezuela isn't even on a map.

99 out of 100 of you redneck crackers couldn't find Venezuela on a map... pathetic igno-rants (aka Fox viewers)

Well he certainly isn't going to buy Boeings, because the USA is embargoing him at the drop of a hat, he won't be able to get spare parts.

I would worry about any investor, investing in this country, as this loser in charge will just steal the planes using the government, like he did with the oil, cement, food and whatever else he has stolen from foreign investors in the past???

"a very powerful airline". . . geez, this guy is an amateur in the business. . .

Venezuela's success with subsidized national airlines is abysmal:

Viasa and Avensa no longer exist, and Conviasa was created by Chavez because the country needed an international carrier. Aeropostal only has SIX planes, to only SEVEN destinations, in VZ and the Caribbean. (Avensa still exists on paper, with only one plane.)

Basically, running an airline is tough enough, and if anyone thinks that Hugo's leftist government is capable of doing so, dream on. I flew Avensa dozens of times before it was nationalized, and it was a pleasure. I flew them AFTER they were nationalized a few times and I was scared to death. (I did a lot of work in VZ in the 80s and early 90s.)

This is a stupid move by Hugo, but for him, what else is new? The man majored in stupidity at his military academy.

There's no financial gain to be made by Conviasa with these purchases--they will go deep, deep into the red. This is especially true because of VZ's imploding economy, and the absolute, 100% lack of foreign investment in the country. I mean, he needs new planes to fly to SYRIA!?

The airline business should be left to private companies, because it sucks money left and right. Even if you have to assist those companies with bailouts and special breaks, that's still better than government hacks running it.