Embraer Update

Transcript

Cesar Pereira:Yeah, Asia is one of the fastest-growing markets in the world, and in the next 20 years, we foresee that the market is going to need around 3,000 airplanes up to 150 seats. Embraer is really looking forward to seize all these opportunities here in Asia. Yeah, the E2 has great news to share with you today. The E2 was certified The E190 E2 was certified yesterday. We got 3 certifications simultaneously: ANAC, FAA, and EASA. Of course, we are talking to airlines about this aeroplane for some years, but now the aircraft is proven to be ready to fly. It's ready to be delivered for the first customer, Wideroe, in April this year. Yeah, the customers are very excited to see the E2 at the Singapore Airshow. First, the tiger, the property hunter, they all like the E2. It's quite an impressive aircraft, right? It's not a regional jet anymore. It's really, it's a new league. It's really a narrow-body aircraft. And also the interior of the E-Jet C2 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. It's the first, what was the first appearance of the E2 in Asia, which is an impressive show, let's say, to the customers. And the E2-190 FAA certification, the customers, and they are all very, very happy and excited to see and starting looking at aircraft now. The airports are congested. Infrastructure, you will always be behind the growth. So the best solution is we don't need to fly to those congested airports anymore. Hub bypass is the solution. And to do a hub bypass, more point-to-point flights, fly to secondary, tertiary markets, you need a smaller aircraft, an efficient one, so the airlines can be profitable, can reduce costs, and address new markets without having to go to the congested airports. Of course, Japan is a good market, is an excellent market, high-yield market, mature, as well as Australia. Only Australia, there are 100, more than 100 aeroplanes below 150 seats flying there. So Australia is a good market, but of course, given the growth, India and Southeast Asia represents a very good opportunity for this segment up to 150 seats. Given the market growth, The airport congestion, as I said, is an opportunity, is not a threat for these aircraft size because the airlines, they can keep growing without having to rely on infrastructure constraint, for example. Thank you.

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