Brazilian aircraft manufacturer Embraer expects to sign a deal with the Indian government to sell six Legacy executive transport jets, believed to be valued at in the region of $130 million, in the next two months, company officials indicated.
Embraer's executive vice-president, defence market, Romualdo Monteiro de Barros, said the company had been selected by the Indian Air Force to supply the aircraft through a tender process.
"We are now finalising negotiations with the government. Talks are progressing well," he told reporters.
According to him, the initial contract is for six numbers.
He said Legacy jets have different configurations and seating capacity can go up to 18 to 22.
Eduardo Munhos de Campos, Embraer's director, international business, defence market, said the company expected to complete the negotiations and sign the deal in the next two months.
While Legacy carried a different price-tag depending on various factors, the one being offered to India is around $22 million a machine, Campos indicated.
Embraer, which clocked revenues to $3.2 billion for the calendar year 2002, has proposed to the Indian government the company's readiness to integrate Indian sensors and electronic warfare systems in its platforms and make them available jointly in the global market, he said.
Meanwhile, Embraer would deliver to India's Jet Airways first of the ten Embraer-175 commercial jets in the third quarter of next year and the remaining nine by 2007, under a $260 million contract, for which a letter of intent had already been signed.
Embraer-175 is a 73-seater aircraft in mixed class (business and economy), Ricardo Pesce, the company's director, business development, Asia-Pacific, said.
"We are also having talks with Sahara Airlines and Indian Airlines," Pesce added.
Ambassador of Brazil in India, Vera Barrouin Machado, who also spoke to reporters later, said defence cooperation between India and her country has just started' and it would be developed this year and expressed optimism of an announcement (of defence deal) in the next few months.
Embraer is displaying at Aero India 2003, a five-day international aerospace exposition, the Legacy business jet, its training/attack aircraft, the AMX-T and the ALX Super Tucano and its family of ISR (Intelligence, Surveillance and Reconnaissance) systems aircraft, officials said.