Embraer S.A. (NYSE:ERJ) Q4 2022 Earnings Call Transcript

Arjan Meijer: Thank you, Josh. That’s a triple layer question. So, let me start with the E2 campaigns. We’re having a big number of discussions, some are more advanced, some are less advanced, but I think if you add it up, you’re talking about several triple-digit number of E2. So, there’s a good number of opportunities out there that we’re talking about at the moment. On China, it’s a little bit early. Let’s not forget that the has only certified at the end of next year, and China is just opening up. But as I said, we have a big local team in China that is talking to all the airlines. So, we hopefully can specify that a little bit but I think it’s too early today. On the E1s, that opportunity that we’re talking about, about 500 aircraft, we still see that ahead of us.

Obviously, the airlines will be a little bit reluctant at moments to add aircraft if they can’t bring the pilots in, but we believe as soon as they see that going to a better place, then that opportunity will come back. So, we believe the 175-E1 short-term we’ll have to wait for the opportunities, but longer-term, we definitely believe there’s a lot of regional capacity to be replaced or added.

Josh Milberg: Okay, appreciate that, great color. Have a nice day everyone.

Arjan Meijer: Thank you, Josh.

Operator: This does conclude today’s question-and-answer section and the Embraer’s audio conference. Thank you very much for your participation, and have a wonderful day.