China will require 805 executive jets between 2014 and 2023, Embraer has said in its China Executive Aviation Market Outlook report. According to data released by Hurun Report, which Embraer cites, China's fleet of executive jets has grown by an annual average of 27 per cent since 2008. This was fuelled by a 26 per cent growth of the wealthiest population. Speaking at the Chinese International Business Aviation Show (CIBAS) 2013, in Beijing, China, Guan Dongyuan, SVP of Embraer and president of Embraer China, said: "Embraer's decade-long investment in China's commercial aviation market has resulted in a fleet of 120 commercial jets in service, and we are now building our presence in the Chinese executive aviation market." Since 2004, Embraer has booked 38 executive jet orders in China. In June 2012, it struck a deal with Aviation Industry Corporation of China (AVIC) to co-operate on the Legacy 600 and Legacy 650 programmes. In late August, the Legacy 650 large executive jet completed its maiden flight; delivery is scheduled for the end of 2013.