Embraer's CEO Francisco Gomes Neto revealed that the Brazilian planemaker anticipates India to make significant progress on a crucial military cargo jet procurement within the next few months.
A request for proposal will be issued by India, encompassing 60 to 80 aircraft, according to Gomes Neto, who made this statement at an international gathering of airline leaders in Rio de Janeiro on that Saturday.
Related ↗British companies halt recruitment amid Iran conflict impact, REC research indicates.Sources indicate the Request for Proposal will be issued within the next several months, according to reports.
A decision on the military cargo jet tender is expected from India within the next two years, specifically by December 2027, marking an intriguing timeline for all parties involved.
Read next ↗Tate & Lyle accepts a £2.7 billion all-cash acquisition from Ingredion.The C-390's global sales are set to receive a significant boost from India, a key target market for Embraer.
Embraer's aircraft faces stiff competition from Lockheed Martin's C-130 Hercules in the market.
Mahindra, a key Indian partner, collaborates closely with Embraer on the C-390 project.
