Embraer takes 51% stake in Indian JV with Mahindra, targets Medium Transport Aircraft

On 29 July, Embraer acquired a 51 percent share in Novavayu Aerospace Limited, the joint venture with Mahindra Defence Systems, which keeps the remaining 49 percent.

Novavayu Aerospace Limited has not yet generated operational revenue, and the partners are jointly applying for the Indian Medium Transport Aircraft program with the C‑390 Millennium, which can carry up to 26 tonnes of payload.