India wanting to buy Embraer's aeroplanie division

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India wanting to buy Embraer's aeroplanie division

Postby Not_Karl » Mon Oct 12, 2020 2:23 am

As always, we can blame Verbie.
The Government of India is “very interested” in buying Embraer’s Commercial Aircraft division, an unnamed “top-ranking government official” has told India’s Business Standard newspaper.

“We are very interested. We are exploring alternatives,” the official said, elaborating that India’s interest had been conveyed to the Brazilian government and that financing could be made via India’s sovereign wealth fund, the National Investment and Infrastructure Fund.

It is the first time the Indian government has confirmed a willingness to strike a deal since Reuters reported exclusively on May 29, following Boeing’s exit from an anticipated USD4.2 billion commercial aviation tie-up, that both India and China’s state-owned COMAC manufacturer had expressed informal interest in cooperation with Embraer.
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