India's Economic Dip is Not Slowing Bizjet Sales, Says Embraer
AINONLINE by NEELAM MATHEWS March 12, 2014, 2:25 PM Embraer says the slowdown in the Indian economy has done little to stop its strong business aircraft sales in the country. India is the first country from the Asia-Pacific region to have a complete portfolio of Embraer aircraft, ranging from the Phenom 100 very light jet to the large-cabin Lineage 1000. According to Embraer Executive Jets market intelligence vice president Jose Eduardo Costas, the Brazilian airframer now has 20 business aircraft based in India, which he said represents a 15-percent market share. In January 2014, a Phenom 300 was delivered to Kerala-based charter operator Joy Jets, which also operates a Phenom 100. “Such repeat orders reflect the broad acceptance of our portfolio in the market,” Costas told AIN at the India Aviation show in Hyderabad. Now Kalyan Jewellers, also based in the southern state of Kerala, is acquiring a Legacy 650 executive ...