Brazilian aeronautics company Embraer — now on a flying demo tour of India, displaying its Phenom 100 executive jet — is looking to sell its three fighter aircraft variants for the Indian Air Force (IAF).
The three fighter aircraft are: the EMB4, a multi intel jet, the EMB MP for marine patrolling and the EMB 14, early warning craft.
“The IAF already has five of our aircraft and the Indian government owns other versions for flying its ministers and officials,” Vice President, Sales and Marketing for Asia Pacific Jose Eduardo Coastas told reporters here on Wednesday.
Mr. Costas’ division sells Embraer executive jets, including the Phenom 100. Forty five of them had been delivered worldwide and with orders coming in, for nearly 30 jets,
Indamer Pvt. Ltd. had been appointed as authorised service centre for India, he said. Each executive jet would cost upwards of $40 million in India. Embraer has marketing and service centres across Europe and an assembling plant in the U.S.
Embraer, privately held since 2007, with the Brazilian government as a significant shareholder, had stepped up work to develop new generation aircraft, and was spending $48 million for this purpose, he said.
The order backlog had now improved to $18.6 billion, he added.
“We have conducted extensive post-recession projections, based on demand for more passenger and other aircraft with range and cost of maintenance being considered even by owners of private jets. The factor that jets now cost less in maintenance than turboprops and deliver up to 22 per cent more fuel efficiency, favours us,” Mr. Coastas claimed.
Export revenue during the 2011-2019 could be in the range of $ 190 billion if 10,000 jets were sold as revised estimates showed. Its billing shows 66.7 per cent revenues come from commercial aircraft used by airlines.