Tata to partner with Embraer to carve jets
After taking over Corus and Jaguar, the Tata group is in talks for a partnership with Brazilian aircraft manufacturer Embraer. According to sources talks were on with Embraer for starting a joint venture for production of aircraft. The world’s third-largest plane manufacturer is unable to cope with orders it is getting from various countries and private players.
Embraer (Empresa Brasileira de Aeronutica) is the world’s largest manufacturer of commercial jets of up to 120 seats, and one of Brazil’s leading exporters. Founded in 1969, the company designs, develops and sells aircraft for commercial aviation, executive aviation, and defence and government segments. It also provides after-sales services to customers worldwide. On March 31, 2008, it had 23,878 employees and an order-book of $20.3 billion. It is headquartered in Sao Paulo, it has offices, industrial operations and customer service facilities in Brazil, the US, France, Portugal, China and Singapore.
Tata group chairman Ratan Tata says, “This joint venture between the Tata group and Boeing is an important part of our strategy to build capabilities in defence and aerospace”. In the same month, Singapore-based BJets, Asia’s leading private jet company catering to corporations and rich individuals, had announced a tie-up with Tata group firm Indian Hotels as a “significant investor”. BJet’s flight operations will begin in May 2008 and will be headquartered in Mumbai.
Earlier in February, the world’s leading aircraft maker Boeing and Tata Industries had agreed on a plan to form a joint venture company that will initially include more than $500 million of defence-related aerospace component work in India for export to Boeing. The company is scheduled to be set up by June 2008.
Tags: aircraft manufacturers, BJets, Boeing, Embraer, jaguar, tata
June 13th, 2008 at 6:19 am
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