Embraer S.A. (NYSE:ERJ) Q1 2024 Earnings Call Transcript

Francisco Gomes Neto: No. We don’t have any updated to share with you about that program at this point of time.

Operator: Thank you. [Operator Instructions]. The next question comes from Gabriel [indiscernible] Please go ahead.

Unidentified Analyst: Hey, Francisco, Antonio, good morning. I was wondering if you could update us on the sales campaigns in Asia. We know India has a big market. China as well [indiscernible] trying to tap into the Chinese market for commercial airplanes. How the different things in Asia are developing, especially now that you are flying the E2 in Singapore now.

Francisco Gomes Neto: Gabriel, thanks for the question. Yes, Asia is a region we see a big potential for E2s. Last February, we inaugurated the full flight — the first full flight simulator of E2s in the region, in Singapore, and this will help us to pursue more opportunities in the region. And we are working in sales campaigns in many different countries. We have already more than 300 aircraft flying over the region I mean, in China, in Japan, in Australia, and we are working all those countries to introduce the E2s as well. So good opportunities for us in Asia-Pacific indeed for E2s.

Operator: Thank you. The next question comes from Juliana [indiscernible] and it comes also from the platform chat. Can you give details on the arbitration proceeding with Boeing? When do you expect it to be over?

Francisco Gomes Neto: Well, I mean, this process is not under our control, but it is the process in the final phase, and we expect a decision. See you within this first half of 2024.

Operator: Thank you very much. This concludes the question-and-answer session in English for the press. This Q&A session is now being conducted in Portuguese. [Operator Instructions]. [Foreign Language].

Operator: [Foreign Language].