Embraer on Tuesday announced it will enter the market for small business jets with two new programs. The aircraft, currently designated the Very Light Jet and the Light Jet, are twin-engine jets targeted for entry into service in mid-2008 for the VLJ and a year later for the LJ. The VLJ will seat between six and eight including pilot and copilot and will sell for $2.75 million. The LJ will seat up to nine and list for $6.65 million. Embraer put its investment to develop both at $235 ...

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