Embraer's E-195 Jet Takes Flight: Setting a New Standard in Efficiency
Mauricio Botelho, president and CEO of Embraer, joins us from the Farnborough Air Show in the U.K. to discuss the company's latest aircraft, the E-195 jet, which carries 118 passengers and is designed for short-haul flights. The E-195 is part of a family of aircraft that Embraer has developed to compete with Boeing and Airbus in the market. With over 500 orders already sold and 450 options, Embraer is confident that the E-195 will be a success.
Key Takeaways:
- Embraer's E-195 jet carries 118 passengers and is designed for short-haul flights, filling a niche that Boeing and Airbus do not occupy.
- The E-195 is part of a family of aircraft that Embraer has developed, with over 500 orders already sold and 450 options.
- Embraer sees strong demand for the E-195, with a market of 2,500 aircraft in the niche, and believes it will take a large portion of it.
- Higher energy prices have led to a focus on efficiency and effectiveness in the airline industry, which Embraer thinks the E-195 is well-positioned to address.
- Embraer is optimistic about demand for the E-195 in Asia, with sales already announced to Air Mandarin in Taiwan, Hong Kong Express, and others.
- The E-195 is designed to be a more efficient and effective aircraft than those currently on the market, with a focus on right-sizing for airlines' operations.
Statistics:
- 2,500 aircraft in the niche market for the E-195
- Over 500 orders already sold for the E-195
- 450 options for the E-195
- 118 passengers carried by the E-195
- 100-seat aircraft also offered by Embraer, taken up by low-cost carriers such as JetBlue
- 500 aircraft currently on the market from Boeing and Airbus, compared to Embraer's smaller market share
Sources:
- CNBC/Dow Jones Business Video, a division of CNBC/Dow Jones Desktop Video, LLC
- Voxant, Inc. (www.voxant.com)
- Embraer's press releases and marketing materials
- Industry reports and analyses from various sources