financetom
Business
financetom
/
Business
/
Embraer says South Africa in talks for purchase of C-390 aircraft
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Embraer says South Africa in talks for purchase of C-390 aircraft
Sep 26, 2024 11:33 AM

SAO PAULO (Reuters) - South Africa has advanced in talks for a potential purchase of Embraer's C-390 Millennium, the Brazilian planemaker said on Wednesday, after showcasing the military cargo aircraft in the African nation for the second time.

The company voiced optimism about clinching a sale as South African authorities said they were advancing in the "necessary steps for the selection of the much needed" aircraft for its National Defense Force, according to a statement.

Embraer did not detail how many planes could be sold or at which stage the process was.

A potential deal would represent the first C-390 sale to an African country. The plane has so far been tapped by developer Brazil as well as Portugal, Hungary, the Czech Republic, Austria, the Netherlands and South Korea.

The multi-mission aircraft, which competes with Lockheed Martin's C-130, "is perfectly suited to replace the legacy aircraft currently in service with South Africa," Embraer said.

The Brazilian company presented the C-390 to President Cyril Ramaphosa and Defense Minister Angie Motshekga at the Africa Aerospace and Defence exhibition held earlier this month at the Waterkloof Air Force Base, it said.

Brazil and South Africa are both members of the BRICS group of major emerging economies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Jio Tells Bankers It May File IPO Prospectus As Early As March - Bloomberg News
BRIEF-Jio Tells Bankers It May File IPO Prospectus As Early As March - Bloomberg News
Mar 17, 2026
March 17 (Reuters) - * JIO TELLS BANKERS IT MAY FILE IPO PROSPECTUS AS EARLY AS MARCH - BLOOMBERG NEWS Source text: https://tinyurl.com/2yoj3mdy Further company coverage: ...
What's Going On With Lululemon Athletica Stock Tuesday?
What's Going On With Lululemon Athletica Stock Tuesday?
Mar 17, 2026
Lululemon Athletica Inc. ( LULU ) shares are up on Tuesday as the company is facing scrutiny from shareholders regarding its leadership and strategic direction. The firm will release its financial results for the fourth quarter and full year fiscal 2025 today (Tuesday, March 17, 2026). The company will host a conference call at 4:30 p.m. Eastern time to discuss...
Big drugmakers must face US overcharge claims on medications for low-income patients
Big drugmakers must face US overcharge claims on medications for low-income patients
Mar 17, 2026
March 17 (Reuters) - A U.S. appeals court on Tuesday revived a whistleblower lawsuit accusing four large drugmakers of defrauding the federal and state governments out of hundreds of millions of dollars by overcharging on medications for low-income and uninsured patients. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in Pasadena, California said AbbVie ( ABBV ), AstraZeneca...
Senator wants White House to answer if TikTok investors will pay $10 billion to US Treasury
Senator wants White House to answer if TikTok investors will pay $10 billion to US Treasury
Mar 17, 2026
March 17 (Reuters) - The top Democrat on the Senate Intelligence Committee on Tuesday asked the White House to answer if investors are paying $10 billion to the Treasury as part of the Trump administration-brokered sale of TikTok's U.S. operations. Senator Mark Warner cited a Wall Street Journal report that investors in the new TikTok joint venture - including Oracle,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved