Brazil Set to Make Large Helicopters. Government Will Be Client

Helibrás hangar in Minas Gerais, Brazil A Brazilian-French cooperation agreement in the military aerospace sector has just been signed between the ministries of Defense of Brazil and France, which should allow Brazil to start producing large helicopters in the near future.

This accord should simplify the production of French aircraft in the South American country.

The announcement was made during the ceremony for celebration of the Helibrás 30th anniversary, in Itajubá, in the southeastern Brazilian state of Minas Gerais, where the company that will make the helicopters is located.

The firm belongs to Eurocopter, a subsidiary of EADS – the same European consortium that controls Airbus -, to the government of the state of Minas Gerais and to private Brazilian group Bueninvest.

According to figures supplied by the Brazilian Ministry of Defense, the idea is for the large aircraft to be produced by Helibrás itself, which already makes smaller French helicopters. For this, the company is going to build a new assembly line.

To Brazilian president Luiz Inácio Lula da Silva, who participated in the ceremony, the new enterprise is going to supply not just the Armed Forces, but also other strategic sectors of the Brazilian economy, like the exploration of oil in sea platforms. Brazil already has important participation in the aircraft market through Embraer.

According to the Brazilian minister of Defense, Nelson Jobim, the expectation is for the country's Armed Forces to purchase 50 helicopters for the transport of personnel. He declared that the defense sector has been prioritizing technology transfer, therefore the agreement with France, which was signed by Jobim and by French ambassador Antoine Pouillieute.

After the announcement, French newspaper La Tribune published an article showing that EADS could expand its participation in Helibrás, acquiring part of the share capital of Bueninvest and becoming the controller of the business.

Last year, Helibrás had record revenues of US$ 92 million with the sale of 25 service aircraft.




You May Also Like

85% of Businessmen in Brazil Betting They’ll Make More Money This Year

Brazilian businessmen are more optimistic for 2010 regarding their revenues. That’s what the Serasa ...

Waiting for President Godot in Sí£o Paulo, Brazil

Yesterday Ibope and Datafolha both published their latest polls. According to Ibope, compared to ...

Brazil Finds Another 2 Billion Barrels of Light Oil

State-controlled oil multinational Petrobras informed Friday, November 21, that it has discovered new reserves ...

Becker Underwood Takes Brazil’s Nitral

Norwest Equity Partners (NEP) and the management team of its portfolio company Becker Underwood, ...

The Love Visa

Are you thinking about bringing your beloved from Brazil? Chance meetings through the Internet ...

Brazil Denies Charges of Orange Juice Dumping and Might Go to WTO Against US

Brazilian exports of concentrated orange juice to the United States are worth around US$ ...

Brazil’s Raising Inflation Increases Chances of Higher Interest Rates

Inflation in Brazil has risen above government target (4.5%) levels for a second consecutive ...

Brazilian airline Gol

Brazil’s Gol Airline Tickets Can Be Paid in Up to 36 Months

Brazilian airline Gol has just announced that it has expanded payment methods for tickets ...

Beef Industry Still a Bright Spot for Brazilian Exporters

One of the Brazilian leaders in beef production, Minerva slaughterhouse, shipped 23.3% of its ...

Brazil Says Man Accused of Being Pay-Off Scheme Moneyman Was Never Lula’s Consultant

The office of Brazil’s Presidency has released a note denying that adman/businessman Marco Valério ...