ERJ - As Boeing Struggles Embraer Considers Entry Into Narrow-Body Aircraft Market | Benzinga
With Boeing Co (NYSE:BA) in the midst of its latest crisis, a smaller competitor, Embraer SA (NYSE:ERJ), is considering options to challenge the industry’s long-standing duopoly.
Internal evaluations suggest Embraer possesses the capability to develop a next-generation narrow-body aircraft, potentially disrupting the market, according to a report from The Wall Street Journal.
The envisioned aircraft would rival Boeing’s 737 MAX and Airbus SE’s (OTC:EADSY) A320 successors. While the project is in early stages, Embraer is evaluating partners and requirements, potentially involving Saudi Arabia’s Public Investment Fund and firms in Turkey, India, and South Korea.
Although a company ...