Brazil and Italy Join Forces to Build Military and Commercial Helicopters

    Agusta helicopter

    Agusta helicopter Brazilian Embraer and Italian AgustaWestland have announced the signing of a memorandum of understanding to form a joint venture in Brazil. In the document, the companies state that the partnership may lead to the manufacturing, in Brazil, of AgustaWestland both military and commercial helicopters targeting the Brazilian and Latin American markets.

    AgustaWestland CEO Bruno Spagnolini has said, according to a press release, that Brazil is a major market for his company, and that its “industrial presence” in the country will help it to prosper in one of the highest-growing markets in the world.

    “We are pleased to have signed this MoU with Embraer and look forward to working with them to establish a joint-venture company in Brazil to manufacture and market helicopters,” said Spagnolini according to the press release. The Embraer CEO, Frederico Fleury Curado, said this is an important step which builds on the company’s expansion plans.

    The director of the Brazilian Airlines Association (Abear), Ronaldo Jenkins said the partnership is good for the companies and the Brazilian aircraft market. “This is a constructive project that may yield good results, because demand is on the rise in the Brazilian market, and there is room for all the companies. The pre-salt layer will cause Brazil to need more and more helicopters. This partnership will lead to market growth and increased technology,” said Jenkins.

    In the press release, Embraer and AgustaWestland acknowledge that one of the partnership’s aims is to tackle the opportunities that may originate from the pre-salt. Petrobras has already announced that it will need to buy new helicopters for its oil exploration operations.

    “Preliminary studies conducted by the two companies indicate a strong market potential for dual-engine, medium capacity helicopters, especially to meet the demands created by the oil and gas industry. Other key sectors, such as executive transportation and military, also show promise.

    “The partners intend to enter into the joint venture within a few months, as soon as the final agreement has been reached, and the necessary approvals have been obtained,” according to the press release.

    AgustaWestland is a company of Italy’s Finmeccanica group, which posted 17.3 billion euros in revenues in 2011, according to the latest available balance sheet. Embraer posted R$ 9.8 billion in revenues and a net profit of R$ 156.3 million in 2011.

    Demand Up

    Domestic air passenger transport demand in Brazil was up 6.79% last year from 2011. According to the National Civil Aviation Agency (Anac), flight availability was up 2.72% in 2011. The occupancy rate in domestic passenger flights was up 3.96%, from 70.17% in 2011 to 72.95% in 2012.

    The leading airline in the market is TAM with a 40.79% share, followed by Gol with 33.91%. The remaining airlines’ market share went from 21.42% to 25.31% from 2011 to 2012.

    Regarding international air transport, Brazilian airlines saw passenger demand increase by 0.32%, while availability was down 0.01% from 2011.

    Also according to the Anac, in December 2012, domestic air transport demand was up 2.37% from December 2011. Passenger demand for international air transport was up 5.95% in December 2012 from December 2011.

    Anba

     

    Tags:

    • Show Comments (5)

    • jan z. volens

      Brazil to buy several units of two types of Russia’s air-defense systems
      Brazil intends to buy several each of Russia’s PANTSIR and IGLA air-defense systems. Germany is building tanks in a new German-owned plant in Brazil – for the market in South America. China launches Brazil’s satelites into space from its bases in China.

    • Pacifica

      tudu akaba numa pizza
      Brazil and Italy Join Forces to Build pizzerias.

    • Gretta

      I really enjoyed every bit of it and I’ve marked to ensure that the blog post something new.

      essay service

    • buyresearchpaper.org

      buyresearchpaper.org
      [url]http://buyresearchpaper.org/[/url]
      You have a great weblog and I like your style of writing about this stuff. Keep up the good work!

    • Stan

      Great post! Thanks for information.
      http://royalessays.co.uk/

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Picasso, Matisse, Dali and Monet Stolen at Gunpoint in Brazil

    Four armed men entered the Chácara do Céu Museum, in the Santa Teresa district ...

    Brazil: FTAA, Hopes and Fears

    Donna Hrinak, US Ambassador to Brazil, is confident that the FTAA will go into ...

    Argentina Will Probe Charges That Its Military Smuggled Weapons to Brazil

    The Argentinean government will help Brazil in the clarification of accusations concerning the supposed ...

    Brazil Tourism Trying to Make Life Easier for Americans

    Diversification of the tourism products that Brazil has to offer is one of the ...

    Brazil Starts Barring Cheap Chinese Goods

    On Wednesday, June 2, Brazil’s Ministry of Development, Industry, and Foreign Trade will hold ...

    Child Emergency in Brasília

    Lack of Hygiene in Hospitals in Brasília Kills 22 People

    After the death of four more people victims of the KPC superbacteria in Brazil’s ...

    Brazil Cinemas Must Show 35 Days of Brazilian Movies in 2005

    Brazilian movie theaters will have to show Brazilian films for at least 35 days ...

    Slow-Growing Brazil Is Holding Back LatAm’s Expansion

    Latinamerica is the developing region which will expand less in 2006 – below Asia ...

    Cargo truck

    Brazil Threatens Argentina with Sanctions in Response to Trade Barriers

    Brazil is looking at restricting credit lines to Argentina in retaliation for its neighbor's ...

    Brazil’s Cardoso: ‘The World Changed, But the Left Stayed the Same’

    Shortly after the November 2, 2004 United States election, Brazilian Senator Cristovam Buarque paid ...