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Stock impact report

This Brazilian planemaker denied reports it wants to kick Boeing while it's down and build a new jet to compete with the 737 [Business Insider]

Embraer S.A. (ERJ) 
Last embraer s.a. earnings: 3/26 06:00 am Check Earnings Report
US:NYSE Investor Relations: ri.embraer.com.br
Boeing's recent troubles suggest there could be room for its minor rivals to edge into the duopoly. The Brazilian planemaker Embraer has denied reports it wants to capitalize on Boeing's misfortune by working on a new aircraft. On Wednesday, The Wall Street Journal reported that Embraer is exploring options for a new narrowbody plane to compete with the Airbus A320neo and Boeing 737 Max Citing people familiar with the matter, the Journal said Embraer conducted internal assessments which found it has the ability to develop such an aircraft. The firm is known for making smaller jets like the four-abreast Embraer E175 , which is typically used by regional carriers like Republic Airways, operated on behalf of legacy airlines. Embraer's ambitions for a larger next-generation jet firmed after Boeing's recent crisis in the wake of the Alaska Airlines blowout, the Journal reported. But an Embraer spokesperson told Reuters it doesn't have plans for a new cycle of spending. "Embr Show less Read more
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