Francisco Gomes Neto: Well, we are working in different fronts in the different business units. I mean, evaluating the possibilities for the future. But at this moment, we have a very competitive and modern portfolio of products. In all business units, we have the Phenoms and Praetors in the Executive, we have the E2 family in Commercial and the C-390 in Defense. So again, our focus at this moment is really to sell the existing portfolio of products. And of course, we continue working in new generation in the future as we are doing with the eVTOL, with the Eve and other fronts as well. But at this point of time, our main focus is to sell the current portfolio and to enter in service with the Eve by 2026.
Operator: Our next question comes from Ron Epstein from Bank of America.
Ron Epstein: We didn’t talk much about China. If you could, could you mention how is the opportunity there, what’s going on? Because, to be honest, I’m a little surprised that we haven’t heard much out of China yet in terms of demand for E2s.
Francisco Gomes Neto: Well, you know that we have recently certified the E190-E2 in China and the certification of the E195 is underway. We do believe our jets are the best alternative to complement the local products, the ARJ21. I mean, up to 100 seats from Comac and the same C-119 from Comac [about] 150 seats. So again, our E2s, they go exactly in the middle and they would help a lot to improve the efficiency of the Chinese air traffic. We announced it in the — during the Paris show this agreement, this letter of agreement to convert, E1s from passenger to freighter in China, 20 aircraft. So this movement is a highlight that Embraer is returning to China. And you know that the bilateral agreement between our President and the Chinese President, I mean, includes a collaboration between Embraer and Chinese airlines.
So again, we are working in the advanced negotiation to sell E2 in China, and we do believe in this scenario in China will be an opportunity for Embraer in the next future to introduce our E2s in that market.
Operator: Our next question comes from Cai from Cowen.
Cai von Rumohr: So Commercial, a couple of questions. The $700 million that you’ll add in the third quarter, is that one order or several? Secondly, if you get to [$90 million to $100] million in 2025, what should we expect the mix to be between E2s and E1s? And thirdly, what is the pricing environment like now for E2s given you have a much [differ] competition there than you do in E1s?
Francisco Gomes Neto: Well, I mean, by 2025 — as I said before, 2023, we have already majority of the deliveries with E2s. This is going to remain in the following years. So by 2025, we believe that the E2s will be responsible for 65% of the total deliveries in the year. As the E1, we believe the E1 still have an important market especially in the US. And with the resolution of this pilot shortage issue, we will have more and more opportunities for E1s in the next 10 years at least. Regarding the price, I mean, it’s a tough competition, we know that. But we are working on also to optimize and reduce the costs of the E2s, and the ramp up is helping us in that direction as well. So again, we believe that we can make mid single digit margin in the Commercial Aviation with the projection we have with the E1s — the mix we have for E1 and E2s for the next years. Is there another question, Cai, that I missed it here?
Cai von Rumohr: The third one was the $700 million addition to backlog in the third quarter. Is that one order or several orders, and is it basically signed and already there, or is it about to be signed?
Francisco Gomes Neto: Well, it’s signed. What I can tell you, this is more than one.
Operator: Our next question comes from Myles Walton from Wolfe Research.
