Tatas in JV talks with jet-maker Embraer

Rio De Janerio: Indian conglomerate Tata does not seem satisfied after making history by taking over Anglo-Dutch steel maker Corus and Britain’s premium auto brands Jaguar and Land Rover. It is now considering a partnership with Brazilian aircraft maker Embraer.
Sources here said that 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.
Tata had offered to set up a joint venture with the aircraft giant, the only firm that makes 120-seater commercial jets.
Talks are at an early stage but Tata, with its expertise in various fields, is being considered a serious contender for the JV, sources said.
16/04/08 Press Trust Of India/Business Standard

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Categories: Foreign Apr 2008, Indian Aviation- In General Apr 2008, New Apr 2008