By Brazil Stock Guide — Rising global demand for commercial jets could open space for new competitors and loosen the long-standing Airbus–Boeing duopoly, Embraer (B3: EMBR3 / NYSE: ERJ) Chief Executive Francisco Gomes Neto told the Financial Times.
“There’s room for more than two manufacturers — maybe three or four,” he said, citing forecasts for 40,000 new aircraft over the next two decades.
The world’s third-largest planemaker, Embraer dominates the regional-jet segment but is weighing whether to move into the single-aisle market, currently shared by Boeing and Airbus. Bank of America analyst Ron Epstein told the FT that “almost for sure there’ll be room for a third player” over the next 20 years.
The Brazilian company has been expanding its international footprint, with sales campaigns in India and Europe and plans to assemble its KC-390 Millennium military aircraft in the US as part of a bid for a US Air Force refuelling contract — a move aimed at diversifying markets and reducing currency risk.
Embraer aims to double revenues to US$10 billion by 2030, driven by strong demand for its regional and business jets. It also bets on its defense division and urban air-mobility arm Eve, which expects to launch its electric air taxi service by 2027.