Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO Francisco Gomes Neto told CNBC.
A new airplane could help the airplane manufacturer compete with much larger rivals Airbus and Boeing, which deliver hundreds of jets a year compared with Embraer’s dozens of aircraft. But Gomes Neto noted that no decisions have been made yet. “At this point in time, we don’t have concrete plans to go to a big narrow-body,” he said, adding that the studies for new engine technologies, avionics and potential demand are “to be prepared.
“This is maybe the advantage we have: We have a great product available,” Gomes Neto said. Both Airbus and Boeing are struggling to ramp up production and deliver aircraft on time in the wake of the pandemic. Boeing has the added challenges of a safety crisis and a machinist strike. Boeing once had plans to take control of Embraer’s commercial jet business but ended those discussions in early 2020. Last month, Embraer said Boeing would pay it $150 million over the scuttled plan.
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