Brazilian aerospace company Embraer in talks with govt for tie up but seeks market access for its jets
Embraer is in talks with the government and top conglomerates to set up a manufacturing unit in India, a top executive said. However, progress will depend on the company’s jets gaining access to India’s large and rapidly expanding domestic market, dominated by Airbus and Boeing planes.
India is among countries such as China, Turkey, Japan and Saudi Arabia with which the firm is discussing a possible partnership, said Arjan Meijer, CEO and president of Embraer’s commercial aviation business.
“We have been vocal for the last couple of years that we are looking for a partner,” Meijer told ET. “We have always said we want to cooperate, but we also want to bring our products into the market.”
India has been mounting pressure on Airbus and Boeing to set up manufacturing facilities. Together, IndiGo, Air India and Akasa Air have over 1,000 planes on order. It will not be long before an aircraft is designed and manufactured in India, Prime Minister Narendra Modi said at a Boeing event last year. Embraer makes the ERJ family of aircraft that competes in the regional segment. Its latest and largest model, the E195-E2, can carry up to 146 passengers. While Embraer has made a mark for itself in the business jet market, it’s been trying to gain a greater share in the commercial plane segment.
Taking on Airbus & Boeing
The company is striving to break the Airbus-Boeing duopoly — over the last few years, especially as the US company is beset by multiple safety issues and is struggling to meet delivery schedules.
Regional
