What Happened
Brazilian Aircraft Manufacturer Expands India Presence
Embraer, a Brazilian aircraft manufacturer, has announced an agreement to acquire a 51% stake in Novavayu Aerospace Limited, an Indian company belonging to the Mahindra Group. The transaction is expected to be completed by December 1, 2026, and marks a significant step in Embraer’s efforts to expand its presence in India’s commercial aviation and defence sectors. The partnership is expected to support Embraer’s efforts to explore opportunities in the country’s expanding aviation and defence markets, as reported by Brasil 247 and Valor Economico, according to ETCFO.