India
ADANI GROUP SIGNS AIRCRAFT MANUFACTURING DEAL WITH BRAZIL'S EMBRAER
Gautam Adani-led Adani Group has entered into a partnership with Brazilian aircraft manufacturer Embraer S.A. to establish a small-jet manufacturing facility in India. Adani Defence and Aerospace, an Adani Enterprise Ltd subsidiary, will zero in on the project site—to be Embraer’s first production facility in Asia—“over the next couple of months”, the company’s director Jeet Adani said on Tuesday. “Together, we will establish a regional aircraft manufacturing facility in India and a one-of-a-kind aviation ecosystem, a project that will redefine the future of aviation in our country,” he said while announcing the landmark deal, which marks the Adani Group's entry into aircraft manufacturing. “We have some sites in mind and are working on them. In the next couple of months, we will come back with the details, including investment and aircraft type to be manufactured,” he added. Embraer, the third-largest civilian aircraft manufacturer behind The Boeing Co. and Airbus S.E., manufactures the Embraer Regional Jet and E-Jet families of narrow-body, short- to medium-range passenger aircraft. It also makes private jets, defence aircraft, and agricultural planes. It would be the first of the three to have a final-line assembly (FLA)—manufacturing facility where aircraft are assembled—in India. Boeing and Airbus source components from Indian component makers but do not have assembly units here. “This partnership is more than just a business agreement. It is a vision taking flight. It represents India's determination to build world-class aviation capabilities on our own soil, aligned with the national mission of Atmanirbhar Bharat," Adani said. He added that discussions were underway with customers for orders. None of the major domestic carriers—IndiGo (Interglobe Aviation Ltd), Air India, Spicejet Ltd and Akasa Air—operate Embraer jets. Regional airline Star Air is the only carrier with an Embraer fleet of 8 jets. The company plans to place orders for Embraer jets in the coming days. (ICE NEW DELHI)
Fonte notizia: Mint
