Embraer CEO Francisco Gomes Neto speaks in the course of the Embraer Media Day 2022 on the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022.
Carla Carniel | Reuters
Brazilian plane maker Embraer is studying the market and latest technology that might warrant it constructing an all-new jet, CEO Francisco Gomes Neto told CNBC.
A latest airplane could help the airplane manufacturer compete with much larger rivals Airbus and Boeing, which deliver lots of of jets a 12 months compared with Embraer’s dozens of aircraft.
But Gomes Neto noted that no decisions have been made yet.
“At this cut-off date, we do not have concrete plans to go to a giant narrow body,” he said, adding that the studies for brand new engine technologies, avionics and potential demand are “to be prepared.”
Within the meantime, Gomes Neto said Embraer is targeted on improving results and selling its regional planes, which won orders earlier this 12 months from American Airlines, manufacturing its E2 jet, and “delivering what we promise” customers.
An Embraer E195E2 aircraft
Frederic Stevens | Getty Images
The Federal Aviation Administration approved a freighter version of its E190 passenger-to-freighter converted jet earlier this month, helping clear the best way for its business introduction.
“That is perhaps the advantage we now have: We’ve got a fantastic product [that’s] available,” Gomes Neto said.
Each Airbus and Boeing are struggling to ramp up production and deliver aircraft on time within the wake of the pandemic. Boeing has the added challenges of a security crisis and a machinist strike.
Boeing once had plans to take control of Embraer’s business jet business but ended those discussions in early 2020. Last month, Embraer said Boeing would pay it $150 million over the scuttled plan.
Like its competitors, Embraer is facing supply chain strains coming out of the pandemic, and the corporate is taking a more in-depth have a look at delivery capabilities.
Engines, hydraulic valves, cabin interiors and components for them are a few of the areas where it has been difficult to ramp up production from suppliers, Gomes Neto said. He added that he expects supply chain problems will likely ease in 2026.
