Govt of India exploring options to buy Embraer's commercial aircraft biz

The Indian government is keen to buy Embraer’s commercial aircraft division, said a top-ranking government official. “We are very interested. We are exploring alternatives,” the official said, confirming a development reported earlier by Reuters on Brazil’s plans to reach out to India and China as possible new partners. 

One of the arrangements the government is considering is a tie-up with a sovereign fund to finance the deal. 

This is the first time the Indian government has expressed clear willingness to enter the deal. The official said India’s interest has been conveyed to the Brazilian government. While Embraer is a listed