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From The Economic Times

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Brazil's Embraer to take 51% stake in Mahindra aerospace subsidiary to form JV

Brazil's Embraer to take 51% stake in Mahindra aerospace subsidiary to form JV

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In a strategic collaboration, Embraer has teamed up with Mahindra Defence Systems to form Novavayu Aerospace Limited. This joint venture aims to enhance the Indian Air Force's Medium Transport Aircraft initiative, with Embraer holding a 51% interest and Mahindra Defence Systems possessing 49%. The…

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