Latest news with #FranciscoGomesNeto
Mint
14 hours ago
- Business
- Mint
Embraer CEO says in talks with IndiGo, Air India, ‘see lots of opportunities in India' — details
Brazilian multinational aerospace corporation Embraer SA has set up a fully-owned Indian subsidiary in India, and is eyeing opportunities with Air India and IndiGo, CEO Francisco Gomes Neto told PTI in an interview. According to Neto, Embraer sees opportunities in commercial and business jets, military aircraft, and the Electric Vertical Take-Off and Landing (eVTOL) segments in India, the report added. In an exclusive interview to PTI, Neto told the agency that the company is exploring possibility to supply its E195-E2 aircrafts (up to 146 seats depending on the configuration) to Indian aviation giants IndiGo and Air India. He said Embraer will position a procurement team to check opportunities in the Indian supply chain and look at the possibility of procuring components and services from India. The company is hiring people in India for government relations, communications, procurement and engineering, sales and marketing teams, he added. Also speaking to PTI, Raul Villaron, SVP Sales & Marketing and Head of Region for Asia Pacific at Embraer Commercial Aviation also confirmed that talks are on with IndiGo and Air India. 'A majority of the unserved markets in India are either too thin for the narrow-body aircraft or too long for turboprops. So the E2 is right in the sweet spot … The E2 has a very competitive seat cost, which allows us to be more competitive in the Indian market,' Villaron added. '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. At present, around 50 Embraer aircraft and 11 aircraft types are operating in India across commercial and business aviation, and defence segments. In the civilian aircraft space, Embraer planes are operated by regional carrier Star Air and entities are also using the company's business jets. On whether Embraer will look to set up a MRO (Maintenance, Repair and Overhaul) facility for civilian planes in India, Neto said it will depend on the aircraft orders. In 2024, Embraer Defense & Security and Mahindra Defence Systems signed a MoU to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) programme with the C-390 Millennium. The Embraer aircraft operated by Indian forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF), and also the Netra AEW&C aircraft based on the Embraer ERJ145 platform operated by the IAF. With respect to business jet segment, Neto said there will be much more opportunities with a few changes in the regulations. Globally, there is an increasing interest in eVTOL (electric Vertical Take Off and Landing) aircraft, which are also seen as a key solution for urban mobility.
Time of India
14 hours ago
- Business
- Time of India
'Can set up final assembly line in India if get order for 200 planes:' Embraer
NEW DELHI: Brazilian aerospace major Embraer says it will increase sourcing from India and even assembling its range of commercial planes here if it gets a firm order for 200 aircraft from Indian customers. While as of now only India's biggest regional airline Star Air has Embrear aircraft in its fleet, the company is talking to multiple airlines including Air India and IndiGo apart from startups for getting orders. It has established a fully owned Indian subsidiary that will have a dedicated sourcing unit to scout for opportunities in IT, software and engineering. 'India is a key market for Embraer. We are excited to deepen our collaboration with the Indian aerospace and defence industry, leveraging our expertise and technology to contribute to the nation's growth and Make in India campaign. We see significant opportunities across defence, commercial aviation, business aviation, services & support, and the emerging urban air mobility sector,' said Francisco Gomes Neto, president & CEO of Embraer. Embraer has a footprint with nearly 50 aircraft across 11 aircraft types currently operating in the country, from commercial aviation, defence and business aviation. 'We are in talks with multiple players. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Promoções imperdíveis de voos baratos Voos | Anúncios de Pesquisa Saiba Mais Undo A firm order for 200 aircraft will enable us to increase sourcing and have a final assembly line in India. There is a vast market for our capacity aircraft that ranges from 80 to 146 seaters with a significant range, unlike turboprops. We believe India will require 500 such aircraft in the next 20 years,' Raul Villaron, Embraer senior VP, said. The company's Indian subsidiary, with its corporate office in New Delhi's AeroCity, will look for opportunities across defence, commercial aviation, business aviation, services & support and urban air mobility sector. 'Embraer is working on growing its team in the country, building capacity to capitalise on the opportunities within the country's ever-evolving aerospace and defence industry. This includes establishing teams across corporate functions and specialiced cells focused on procurement, supply chain and engineering,' Embrear said in a statement. Embraer Defense & Security and Mahindra Defence Systems had signed an MoU last Feb 'to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) program with the C-390 Millennium.' 'On the commercial aviation front, the E-Jets family of regional and small narrowbody aircraft (can) unlock 'blue ocean' opportunities found in tier two and tier three cities and contributing to India's aspirations of becoming a leading global aviation hub,' the statement added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
17 hours ago
- Business
- Business Standard
Embraer sees lot of opportunities in India; in talks with IndiGo, Air India
Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian market. Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats. To tap the opportunities, Embraer has set up a fully-owned Indian subsidiary with its corporate office in the national capital. In an exclusive interview to PTI in the national capital, Neto said the company will put in place a procurement team to explore opportunities in the Indian supply chain and look at the possibility of procuring components and services from India. The company is hiring people in India for government relations, communications, procurement and engineering, sales and marketing teams. Currently, there are nearly 50 Embraer aircraft and 11 aircraft types operating in India across commercial and business aviation, and defence segments. "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. In the civilian aircraft space, Embraer planes are operated by regional carrier Star Air and entities are also using the company's business jets. On whether Embraer will look to set up a MRO (Maintenance, Repair and Overhaul) facility for civilian planes in India, Neto said it will depend on the aircraft orders. Raul Villaron, SVP Sales & Marketing and Head of Region for Asia Pacific at Embraer Commercial Aviation, told PTI that the company is in talks with IndiGo and Air India. A majority of the unserved markets in India are either too thin for the narrow-body aircraft or too long for turboprops. "So the E2 is right in the sweet spot," he said. E195-E2 jets can have up to 146 seats depending on the configuration. Villaron said earlier it was difficult for the company to enter the Indian market due to products in the past as the value proposition of E1 jets was more on trip cost versus seat cost. "Now we have the E2, which has a very competitive seat cost, which allows us to be more competitive in the Indian market," he said. Embraer has a significant presence in the Indian defence space. Last year, Embraer Defense & Security and Mahindra Defence Systems inked a Memorandum of Understanding (MoU) to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) programme with the C-390 Millennium. The Embraer aircraft operated by Indian forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF), and also the Netra AEW&C aircraft based on the Embraer ERJ145 platform operated by the IAF. With respect to business jet segment, Neto said there will be much more opportunities with a few changes in the regulations. Globally, there is an increasing interest in eVTOL (electric Vertical Take Off and Landing) aircraft, which are also seen as a key solution for urban mobility. Neto is in the national capital to attend the annual general meeting of the International Air Transport Association (IATA). India and Brazil have a huge potential to grow the bilateral trade which is not that big now. "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. When asked about how much of a concern is the tariff uncertainties, he said tariffs are bringing a lot of complexity and costs for industry and the company is learning how to deal with it at this moment. "But we don't expect any change in the guidance we give to the market in terms of revenues, profit, and cash generation for 2025," he noted.
Time of India
19 hours ago
- Business
- Time of India
Embraer sees lot of opportunities in India; in talks with IndiGo, Air India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 tap the opportunities, Embraer has set up a fully-owned Indian subsidiary with its corporate office in the national an exclusive interview to PTI in the national capital, Neto said the company will put in place a procurement team to explore opportunities in the Indian supply chain and look at the possibility of procuring components and services from company is hiring people in India for government relations, communications, procurement and engineering, sales and marketing there are nearly 50 Embraer aircraft and 11 aircraft types operating in India across commercial and business aviation, and defence segments."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 the civilian aircraft space, Embraer planes are operated by regional carrier Star Air and entities are also using the company's business whether Embraer will look to set up a MRO (Maintenance, Repair and Overhaul) facility for civilian planes in India, Neto said it will depend on the aircraft Villaron, SVP Sales & Marketing and Head of Region for Asia Pacific at Embraer Commercial Aviation, told PTI that the company is in talks with IndiGo and Air India.A majority of the unserved markets in India are either too thin for the narrow-body aircraft or too long for turboprops. "So the E2 is right in the sweet spot," he said.E195-E2 jets can have up to 146 seats depending on the said earlier it was difficult for the company to enter the Indian market due to products in the past as the value proposition of E1 jets was more on trip cost versus seat cost."Now we have the E2, which has a very competitive seat cost, which allows us to be more competitive in the Indian market," he has a significant presence in the Indian defence year, Embraer Defense & Security and Mahindra Defence Systems inked a Memorandum of Understanding (MoU) to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) programme with the C-390 Embraer aircraft operated by Indian forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF), and also the Netra AEW&C aircraft based on the Embraer ERJ145 platform operated by the respect to business jet segment, Neto said there will be much more opportunities with a few changes in the there is an increasing interest in eVTOL (electric Vertical Take Off and Landing) aircraft, which are also seen as a key solution for urban is in the national capital to attend the annual general meeting of the International Air Transport Association (IATA).India and Brazil have a huge potential to grow the bilateral trade which is not that big now. "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 biggest market for Embraer, which achieved record revenues in 2024, is the United asked about how much of a concern is the tariff uncertainties, he said tariffs are bringing a lot of complexity and costs for industry and the company is learning how to deal with it at this moment."But we don't expect any change in the guidance we give to the market in terms of revenues, profit, and cash generation for 2025," he noted. PTI
Trade Arabia
a day ago
- Business
- Trade Arabia
Embraer deepens commitment to India with new subsidiary
Brazilian aerospace and defence major Embraer today announced a significant reinforcement of its commitment to India with the establishment of a fully owned Indian subsidiary which will have its corporate office in AeroCity, New Delhi. This strategic move underscores Embraer's long-term vision for growth and potential collaboration with India's rapidly evolving aerospace and defence landscape. The establishment of a subsidiary in India aims at strengthening its interests across defence, commercial aviation, business aviation, services and support and the burgeoning urban air mobility sector. Embraer is working on growing its team in the country, building capacity to capitalise on the opportunities within the country's ever-evolving aerospace and defense industry. This includes establishing teams across corporate functions and specialized cells focused on procurement, supply chain and engineering. 'India is a key market for Embraer, and this expansion demonstrates our unwavering commitment to the country,' said Francisco Gomes Neto, President & CEO of Embraer. 'We are excited to deepen our collaboration with the Indian aerospace and defense industry, leveraging our expertise and technology to contribute to the nation's growth and Make in India campaign. We see significant opportunities across defense, commercial aviation, business aviation, services & support, and the emerging urban air mobility sector.' Embraer is significantly deepening its engagement in India. The company has a substantial footprint with nearly 50 Embraer aircraft and 11 aircraft types currently operating in the country - from commercial aviation, defense and business aviation, all supported by Embraer's service and support network in the country. Embraer's growth in the country also underscores the strengthening of ties between Brazil and India, with Embraer's expansion in the region reflecting a shared commitment to deeper collaboration and mutual growth. Embraer's involvement in India, including participating at the upcoming IATA AGM 2025 in New Delhi, highlights the company's strategic focus on the Indian market and ongoing efforts to engage with key stakeholders across the aviation ecosystem. This announcement builds upon recent strategic moves Embraer has made in India, including an MoU signed in February 2024 between Embraer Defense & Security and Mahindra Defence Systems to evaluate the opportunity to jointly pursue the Indian Air Force's Medium Transport Aircraft (MTA) program with the C-390 Millennium. The C-390 is a new generation multi-mission aircraft designed and built to take on the demands of the 21st century operating environment. The aircraft is the most advanced in its class and flies faster (470kts) and further on a standard crew duty day. It also carries more cargo (26 tons) compared to other medium sized military cargo aircraft. The C-390 has been in operation for many years at Full Operational Capability and can perform a wide range of missions such as transporting and dropping cargo and troops, medical evacuation, search and rescue, humanitarian missions, firefighting and air-to-air refueling both as a tanker and a receiver. On the commercial aviation front, the E-Jets family of regional and small narrowbody aircraft brings significant benefits to India's air connectivity by unlocking 'blue ocean' opportunities found in tier two and tier three cities and contributing to India's aspirations of becoming a leading global aviation hub. The E-Jets have transformed and enhanced regional connectivity as proven with Star Air – an all-Embraer operator of E175 and ERJ145 aircraft. With a range beyond the turboprop and capacity below the 180-seat narrowbody, the E-Jets are empowering airlines to tap on the next frontier of growth through enhanced regional connectivity and optimization of capacity to demand on thin routes. Embraer aircraft that are operated by Indian Forces include the Legacy 600 aircraft used for the transportation of government officials and VIPs by the Indian Air Force (IAF) and Border Security Force (BSF) and the 'Netra' AEW&C aircraft based on the Embraer ERJ145 platform operated by the IAF. - TradeArabia News Service
