NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

UPDATE 2-Embraer extends range of biggest commercial jet

Published 2016-02-25, 04:59 p/m
© Reuters.  UPDATE 2-Embraer extends range of biggest commercial jet
BA
-
AIR
-
EMBR3
-
BBDb
-

(Adds details of Iran aerospace deals)
By Priscila Jordão
SAO JOSE DOS CAMPOS, Brazil, Feb 25 (Reuters) - Brazilian
planemaker Embraer SA EMBR3.SA will extend the range of its
biggest commercial aircraft, executives said on Thursday as they
rolled out the first of the re-engined E-Jet planes to compete
with Bombardier Inc 's BBDb.TO new C-Series.
The next-generation E195-E2 will have increased fuel
capacity giving it a maximum range of 2,450 nautical miles (nm),
up from a prior design with a range of 2,000 nm, said Paulo
Cesar Silva, Embraer's head of commercial aviation. The E195-E2
will have three more rows of seats than the current series.
That would put Embraer's biggest jet in more direct
competition with Canadian rival Bombardier's C-Series, whose
smallest aircraft has a maximum range of 3,100 nm.
Embraer and Bombardier have battled in recent decades over
the regional jet market with smaller planes than the narrow-body
aircraft of industry leaders Boeing (N:BA) Co BA.N and Airbus Group
SE AIR.PA , which usually carry 100 to 200 passengers. Both
smaller rivals are now pushing deeper into the over-100-seat
segment.
Embraer's approach has been more gradual, building on the
success of its E-Jets in the 70- to 130-seat segment with more
fuel efficient engines and slightly more capacity.
The revamp starts with the E190-E2 unveiled on Thursday,
which enters service in 2019, and will proceed with the E195-E2
entering service a year later.
Bombardier has spent more than $5 billion to design the
C-Series from scratch, with 100 to 160 seats and long-distance
capacity rivaling Boeing and Airbus narrow-body aircraft.
Boeing has beat out Embraer and Bombardier for two orders
from United Continental Holdings Inc UAL.N this year with its
low-end 737 aircraft seating around 100 passengers. The
longer-range design of the E195-E2 suggests Embraer is not
backing away from the fight.
Separately on Thursday, Embraer Chief Executive Frederico
Curado said the Brazilian planemaker is in early talks with
Iran, with a focus on commercial aviation, following the end of
international sanctions.
A Brazilian presidential aide with knowledge of the
negotiations told Reuters this week that Iran is interested in
buying 50 Embraer airliners along with taxis, buses and trucks
made in Brazil, following a trade mission to Tehran in October.

Iran signed a deal for 118 Airbus jets in January and this
month it struck a deal for up to 40 turboprop planes from
Franco-Italian producer ATR. Boeing also said last week it had
gotten U.S. clearance to enter talks with airlines in Iran.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.