Air Capital Insider

Embraer to enter helicopter business

Embraer and AgustaWestland plan to establish a joint venture, which could lead to the production of AgustaWestland helicopters in Brazil, Embraer announced.

The helicopters would be marketed for commercial and military use in Brazil and Latin America.

Brazil is an important market for AgustaWestland and having an industrial presence in the country will help grow its business, Bruno Spagnolini, AgustaWestland CEO, said in a statement.

Preliminary studies by the two companies show market potential for twin-engine, medium lift helicopters for the offshore oil and gas, executive transport and military markets.

Brazil-based Embraer builds commercial, business and military aircraft.