Embraer CEO Francisco Gomez Neto speaks during the 2022 Embraer Media Days at the São José dos Campos aircraft plant in São José dos Campos, Brazil, on May 30,
Kara Garnier | Reuters
brazilian aircraft manufacturer embraer CEO Francisco Gomes Neto told CNBC the company is studying the market and new technologies to ensure it can build an all-new jet.
A new plane could help the planemaker compete with larger rivals Airbus and boeing companythe company delivers hundreds of aircraft per year compared to the dozens delivered by Embraer.
But Gomez Neto noted that no decision has been made yet.
“Currently, we have no concrete plans to develop a large narrow-body aircraft,” he said, adding that research into new engine technology, avionics and potential requirements was “well underway.”
Meanwhile, Gomez Neto said Embraer was working to improve performance and sell its order-winning regional jets earlier this year from American Airlinesbuilds the E2 jet and “fulfills our promise to our customers.”
Embraer E195E2 aircraft
Frederick Stevens | Getty Images
The FAA earlier this month approved a freighter version of the E190 passenger-to-cargo aircraft, clearing the way for its commercial rollout.
“That’s probably the advantage we have: we have a great product,” Gomez Neto said.
Airbus and Boeing are both working to increase production and Delivery of aircraft On time after the outbreak. Boeing faces additional challenges from safety and security crisis machinists strike.
Boeing had planned to take control of Embraer’s commercial aircraft business, but ended these discussions Early 2020.
Embraer, which like its rivals is facing supply chain pressures from the pandemic, is taking a deeper look at delivery capabilities.
Gomez Neto said engines, hydraulic valves, cabin interiors and parts are some of the areas where suppliers have struggled to increase production. He added that he expected supply chain issues may ease in 2026.
