Saturday, August 2, 2025

Creating liberating content

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has

Related News

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Brent crude prices could climb to $80 per barrel in the coming months amid escalating tensions between the United States and Russia, predicts oil market analysts. The forecast came after

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

Volvo Cars India has revised its earlier strategy of transitioning to an all-electric portfolio, opting instead to continue selling both electric and internal combustion engine (ICE) vehicles in the country.

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

NEW DELHI: On a day when US notified additional levies for countries, with 25% imposed on Indian exports, govt hardened its position asserting that farm and dairy products, genetically modified

Trending News

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Ever since President Trump began raising tariffs on goods from China during his first term, Chinese companies have raced to set up warehouses and factories in Southeast Asia, Mexico and

New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower

Mumbai: UPI transactions reached a new peak in July 2025, with a record 1,947 crore transactions worth nearly Rs 25.1 lakh crore. This marked a 35% year-on-year growth in transaction

Embraer in talks with IndiGo, Air India for selling planes; sets up fully-owned unit in India

Word Count: 733 | Estimated Reading Time: 4 minutes


Embraer in talks with IndiGo, Air India for selling planes; sets up fully-owned unit in India

NEW DELHI: Brazilian aircraft manufacturer Embraer is in talks with IndiGo and Air India for selling planes, a company official told news agency PTI on Monday. To explore opportunities in the Indian market, Embraer has established a fully-owned subsidiary with its corporate office in New Delhi.The company will set up a procurement team to explore opportunities in the Indian supply chain and consider sourcing components and services from India, Neto said in an exclusive interview with PTI in New Delhi.The organisation is currently recruiting staff in India across various departments including government relations, communications, procurement, engineering, sales and marketing.The present Indian operations include approximately 50 Embraer aircraft, encompassing 11 different models, distributed across commercial, business aviation and defence sectors.“India is the third largest market in aviation globally… we see a lot of opportunities for us in the future in this market for all the products we have, the different business units, commercial jets, business jets, military aircraft and eVTOLs. That’s why we want to really to deepen our collaboration with the country and this step of opening a subsidiary in India,” Neto said.Regarding private aviation, Neto indicated that regulatory adjustments would create additional opportunities. He is visiting New Delhi for the International Air Transport Association (IATA) annual general meeting.The trade relationship between India and Brazil shows significant growth potential, despite current modest levels. “We see a lot of opportunities”, not only because of the long term relationship between the two countries, but also because both are part of the BRICS, Neto said.“We expect that the global south will increase the collaboration… increase the trade between the countries,” he added.The biggest market for Embraer, which achieved record revenues in 2024, is the United States.Earlier on Sunday, IndiGo announced that it will place a firm order for 30 more wide-body Airbus A350-900 aircraft, as part of its long-term plan to expand international operations. This adds to the 30 A350s it ordered in April last year, with an option for 70 more.At a briefing in New Delhi, IndiGo CEO Pieter Elbers confirmed that the airline is now firming up 30 of those optional orders. IndiGo currently has over 900 aircraft on order for future delivery.Meanwhile, Air India, owned by the Tata Group, is in talks with Airbus and Boeing for another major aircraft deal. According to Reuters, the airline may acquire around 200 more narrow-body jets, in addition to its record 470-aircraft order placed in 2023.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account