Embraer CEO discusses potential for new aircraft.

Embraer CEO discusses potential for new aircraft.
Embraer CEO discusses potential for new aircraft.
  • Embraer SA could gain a competitive edge against larger rivals Airbus and Boeing with the introduction of a new airplane model.
  • CEO Francisco Gomes Neto stated that the company is examining the market and new technology, yet no decisions have been made regarding the pursuit of a new jetliner.
  • Embraer's CEO said supply chain strains will likely ease in 2026.

Francisco Gomes Neto, CEO of Brazilian plane maker, revealed to CNBC that the company is examining the market and new technology which may justify the construction of a new jet.

Embraer could gain a competitive edge against larger rivals Airbus and by introducing a new airplane model.

But Gomes Neto noted that no decisions have been made yet.

"He stated that we currently lack specific plans to travel to a small, narrow-bodied aircraft, but we are working on researching new engine technologies, avionics, and potential demand."

Embraer is concentrating on enhancing its results and marketing its regional aircraft, which received orders earlier this year from , and is currently producing its E2 jet, fulfilling its customer commitments.

Earlier this month, the FAA approved a freighter version of its E190 passenger-to-freighter converted jet, paving the way for its commercial introduction.

"Perhaps our strength lies in the fact that we possess a remarkable product," Gomes Neto stated.

Despite the pandemic, both Airbus and Boeing are facing difficulties in increasing production and meeting delivery deadlines. Boeing, in particular, is grappling with a safety crisis and a machinist strike.

Embraer's commercial jet business was once targeted by Boeing for takeover, but the discussions ended in early 2020. Now, Embraer has announced that Boeing will pay it $150 million in relation to the abandoned plan.

Embraer is facing supply chain strains due to the pandemic and is examining its delivery capabilities in greater detail.

Gomes Neto stated that engines, hydraulic valves, cabin interiors, and related components have been challenging to produce from suppliers. He anticipates that supply chain issues will ease in 2026.

by Leslie Josephs

Business News