Embraer issued this statement:
Embraer S.A., in compliance with the CVM Resolution 44/2021, informs its shareholders and the market that on February 18 the Board of Directors approved a three-year pause in its E175-E2 jet development program.
As in previous years, the re-programing of activities is associated with the ongoing US mainline scope clause discussions with the pilot unions regarding the maximum take-off weight (MTOW) limitation for aircraft with up to 76 seats, together with current global market conditions for commercial aviation and the continuing interest in the current E175 jet in the US market.
The Company expects to resume the program development activities following the aforementioned period, which will result in a re-programming of the aircraft entry into service between 2027 and 2028.
