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Embraer focused on selling current products, no plans for sizeable capex cycle
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Embraer focused on selling current products, no plans for sizeable capex cycle
May 1, 2024 5:08 AM

PARIS, May 1 (Reuters) - Brazilian planemaker Embraer ( ERJ )

is focused on selling its current portfolio of

recently developed products, a company spokesperson told

Reuters, adding there was no big capital expenditures (capex)

cycle in the works.

He was reacting to an earlier Wall Street Journal article

saying Embraer ( ERJ ) was exploring options for a new narrowbody jet

model to challenge the market dominance of Boeing ( BA ) and

Airbus.

"Embraer ( ERJ ) certainly has the capability to develop a new

narrow body aircraft. However, we have a young and very

successful portfolio of products developed in recent years, and

we are really focused on selling those products and making

Embraer ( ERJ ) bigger and stronger," the spokesperson.

"We don't have any plan for a sizable cycle of capex at this

time," he added

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