Embraer to acquire majority stake in Indian aerospace firm Novavayu
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Embraer will acquire 51% of Novavayu Aerospace Limited for INR 510,000 (US$5,700), with the transaction expected to close by 1 December.
Novavayu Aerospace Limited was founded on 29 July 2026 with an initial capital of INR 1 million (US$11,200).