Friday, March 1, 2013
Embraer Strikes Partnership With AgustaWestland in Latin America
Italian helicopter maker AgustaWestland has reached an agreement to establish a joint venture with South American airline giant Embraer. The memorandum of understanding opens up the possibility of manufacturing AgustaWestland helicopters in Brazil for both commercial and military uses throughout Latin America.
AgustaWestland CEO Bruno Spagnolini noted the importance of “having an industrial presence” in a fast-growing helicopter market such as Brazil as central to the partnership with Embraer. The two companies have conducted preliminary studies that indicate a strong market for twin-engine, medium lift rotorcraft, specifically in the offshore oil and gas sector. Other potential growth areas in South America include military and executive transport sectors. AgustaWestland and Embraer will launch the joint venture “within a few months” after finalizing the agreement and obtaining regulatory approvals.