Asked about the supposedly promising Indian air transport market, Embraer’s commercial aviation president Paulo Cesar Silva said this country was his “frustration.” The company had a bad experience with a small start-up airline (understood to be Paramount Airways), where hopes for success never materialized. “Repossessing our two E-Jets was costly and they were in poor condition,” he recalled. In its current condition, dominated by a very large state-owned company, India “is not a market for us,” he stated.
Embraer Reports Indian E-Jet Repossession A “Frustration”
- July 8, 2012, 1:15 AM