After Failure With Boeing, Embraer May Be Sold to India

Written by Flavia Marinho

Published on 06/10/2020 at 16:38

O governo da Índia afirmou seu interesse em adquirir um pedaço da brasileira Embraer, que desfez meses atrás um acordo com a Boeing

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The Government Of India Expressed Its Interest In Acquiring A Piece Of The Brazilian Embraer, Which Canceled Months Ago An Agreement With Boeing

After Boeing Walked Away From Buying Embraer During The Pandemic, the company returned to operate independently. However, even back then, the Brazilian government had already announced that two countries were interested: China and India. 2,500 Jobs Were Cut By Embraer In Brazil And Workers Feel The Impact Of The Crisis Caused By The Coronavirus

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Alongside China, the manufacturer Comac faces serious difficulties in project approvals with aerospace regulatory bodies, such as the American FAA. Meanwhile, India has been experiencing a period of commercial expansion in various industries, which has increased interest in Brazilian Embraer.

The information was first reported by the newspaper Business Standard. According to the publication, the Indian government sees the acquisition of Embraer’s commercial division as a major interest. A government source revealed that “We are very interested. We are exploring alternatives.”

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Embraer Statement

Embraer, for its part, issued a statement saying that it has no plans to sell any of its units at this time. Here is the statement:

“There are no plans to sell the commercial aviation unit or any other business area. The company is open to discussing only growth partnerships aimed at specific projects or entry into markets.”

After Failure With Boeing, Embraer May Be Sold to India

The Government Of India Expressed Its Interest In Acquiring A Piece Of The Brazilian Embraer, Which Canceled Months Ago An Agreement With Boeing

Read Also

Embraer Statement

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After Failure With Boeing, Embraer May Be Sold to India

The Government Of India Expressed Its Interest In Acquiring A Piece Of The Brazilian Embraer, Which Canceled Months Ago An Agreement With Boeing

Read Also

Embraer Statement

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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