Brazil · Defense

Key Facts

—The swap. India would give Brazil Tejas Mk1A fighters and Prachand attack helicopters; Brazil would give India Embraer C-390 transport jets.

—The scale. India is looking to order between 40 and 80 C-390s, a large military-transport competition.

—The logic. Two BRICS members trade the aircraft each needs, sidestepping tariffs, sanctions and Western political conditions.