Embraer Update
Embraer VP Asia Pacific Cesar Pereira discusses the outlook and market opportunities in Asia for smaller jets of up to 150 seats. The new E2-190 was in Asia for the first time in Feb-2018 for the Singapore Airshow, where feedback from potential customers was positive. Embraer recently secured certification from the FAA, EASA and Brazil’s ANAC for the E2-190, paving the way for delivery of the first aircraft to Norway’s Wideroe in Apr-2018.
Transcript
Cesar PereiraAsia is one of the fastest growing market in the world, and in the next 20 years, we first see that the market are gonna need around 3,000 airplanes up to 156. Embraer is really looking forward to seize all this opportunity in Asia.
The E2 have a great news to share with you today. The E2 was certified yesterday. We got three certifications simultaneously; ANAC, FAA, and EASA. Of course, we're talking to airlines about their plane for some years but now their craft is [inaudible 00:00:48] ready to fly. It's ready to be delivered for the first customer, Wideroe in April this year.
The customers are very excited to see the E2 at the Singapore Airshow. First, the Tiger, the Profit Hunter, they all like it, the E2. It's quite impressive aircraft, but it's not a regional jet anymore. It's a new league. It's really an aerobody aircraft, and also, the interior of the E-Jets E2 is an innovative interior, with the staggered business class, the new overhead bins, the new interior, everything, so the customers are very excited to see the aircraft, which was the first appearance of the E2 in Asia, with its impressive show, let's say, to the customers, and they were all very, very happy and excited to see, and starting looking at the aircraft now.
The airports are congested. Infrastructure, you'll always be behind the growth, so the best solution, you don't need to fly to those congested airports anymore. Head bypass is solution, and to do a head bypass, by point to point flights, fly to second or third tier markets, you need a smaller aircraft, an efficient one, so the airlines can be profitable, can reduce cost, address new markets without having to go the congested airports.
Of course, Japan is a good market. It's an excellent market. High yield market, mature, as well as Australia. Only Australia, there are more than 100 airplanes, below 156 flying there, so Australia is a good market but of course, giving the growth, India and southeast Asia represents a very good opportunity for this segment, up to 156. Giving the market growth, the airport congestion, as I said, is not a threat for this aircraft, the size, because the airlines they can keep growing without having to rely on infrastructure constraint, for example.
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