(Reuters) – Brazil is hoping to sell its upcoming KC-390 military cargo plane to Sweden as part of a $4.5 billion deal to buy 36 Gripen fighter jets made by Swedish company Saab AB.
The Brazilian Air Force said on Thursday that offsets in the Saab offer included the intention of the Swedish government to buy KC-390s, adding to signs of interest in the new cargo jet beyond Brazil’s traditional Latin American market.
The KC-390 under development by Brazilian planemaker Embraer is meant to be a cheaper, more efficient challenger for Lockheed Martin’s C130J Super Hercules.
Embraer’s new jet is set for its first flight by the end of the year and has received early commitments for orders from Brazil, Argentina, Colombia and Chile. In Europe, Portugal and the Czech Republic are also involved in the KC-390 project as industrial partners and eventual clients.
So far, 60 of the new cargo jets have been requested. Embraer sees a market for more than 700 planes in the segment worth more than $50 billion over the next 10 years. Read the whole story here.