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India seeks threefold increase in coal stocks to prevent summer power shortages
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Indian companies report mixed second-quarter results on November 4
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Adobe PDF Spaces Introduces Shared AI Conversations for Document Collaboration
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Indus Towers expands solar-powered network to 50,000 telecom sites
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KKR secures Indian regulator approval for Gentari Renewables investment
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Equitas Small Finance Bank rebounds after naming interim chief executive
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Bharti Airtel revenue expected to grow at double-digit pace in second quarter
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Titan quarterly profit seen rising as jewellery business drives growth
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Italy Claims Curling Silver at European Championships in Ostrava
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Indian crude-sensitive shares gain after 13% oil-price decline
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Kuwait finance minister holds economic cooperation talks at COMCEC
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Stocks and dollar fall as Democratic election gains reshape markets
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Abdul El-Sayed declares victory in Michigan Senate contest
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Kuwait marks key events and anniversaries from national history
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Democrats capture US Congress in sweeping midterm victory
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Trump congratulates Democrats and signals willingness to cooperate
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Manchester United rallies past Roma as PSG dominates in Champions League
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Qatar prime minister advances mediation through diplomatic calls
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Qatar sees tentative opening for renewed regional diplomacy
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Greenland parliament approves security agreement with United States
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Qatar Tourism joins Pacific Asia Travel Association at London travel market
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Qatar envoy meets incoming UN General Assembly president
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Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
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Trump Signals Willingness to Work With Democrats After Midterm Defeat
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Qatar media bodies discuss support for humanitarian initiatives
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Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
IndiGo holds talks with Embraer over potential order for 100 aircraft
By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest airline IndiGo is in early-stage talks to buy 100 regional jets from Embraer, with options for about 50 more, three people with direct knowledge of the matter said, in what could be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo and Embraer did not immediately respond to requests for comments.
By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest airline IndiGo is in early-stage talks to buy 100 regional jets from Embraer, with options for about 50 more, three people with direct knowledge of the matter said, in what could be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo and Embraer did not immediately respond to requests for comments. Embraer has been pushing its regional jets to Indian airlines and this year signed a non-binding pact with Adani Defence & Aerospace to explore a final assembly line in India for its E175 jets, which can seat up to 88 passengers. The firm also makes the larger E190-E2 and E195-E2 jets, which can seat up to 114 and 146 passengers, respectively. An IndiGo-Embraer deal is not guaranteed, and the aircraft model and quantity have not been finalised, the two people said on condition of anonymity. Deliveries are likely to begin from or after 2030, they said.
While talks between IndiGo and Embraer have been reported previously, Reuters is first to reveal the number of planes and options under consideration. If concluded, the 100 jets alone could be worth billions of dollars at list prices, though discounts are common in such deals. (Reporting by Abhijith Ganapavaram and Aditi Shah; Editing by Aditya Kalra and Christopher Cushing)
M.Ouellet--BTB