Em­braer, Agus­tawest­land join forces in Latin Amer­ica

SP's MAI - - CORPORATE -

Em­braer S.A. and Agus­taWest­land re­cently an­nounced that they have signed a mem­o­ran­dum of un­der­stand­ing aim­ing at es­tab­lish­ing a joint-ven­ture which could lead to the pro­duc­tion of Agus­taWest­land he­li­copters in Brazil to be mar­keted for both com­mer­cial and mil­i­tary use in Brazil and Latin Amer­ica.

“This is an im­por­tant step for Em­braer as we con­tinue ex­pand­ing our busi­ness”, said Fred­erico Fleury Cu­rado, Em­braer Pres­i­dent and CEO. “We are cer­tain that the com­bined skills and com­pe­tences of Em­braer and Agus­taWest­land will cre­ate great value for cus­tomers in the re­gion.”

Bruno Spag­no­lini, CEO, Agus­taWest­land said, “We are pleased to have signed this MoU with Em­braer and look for­ward to work­ing with them to es­tab­lish a joint-ven­ture com­pany in Brazil to man­u­fac­ture and mar­ket he­li­copters. Brazil is an im­por­tant mar­ket for Agus­taWest­land and we be­lieve hav­ing an in­dus­trial pres­ence in this coun­try will help us to fur­ther grow our busi­ness in one of the world’s fastest grow­ing mar­kets.”

Pre­lim­i­nary stud­ies by Em­braer and Agus­taWest­land show strong mar­ket po­ten­tial for twin-en­gine, medium-lift he­li­copters, es­pe­cially to meet the re­quire­ments of the off­shore oil and gas mar­ket. Other key mar­ket sec­tors, such as ex­ec­u­tive trans­port and mil­i­tary, show promis­ing po­ten­tial as well. The part­ners aim at es­tab­lish­ing the joint-ven­ture within a few months once a fi­nal agree­ment has been reached and the rel­e­vant ap­provals have been ob­tained.

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