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AerCap CEO does not see new Embraer jet any time soon

Reuters
·1-min read

May 1 (Reuters) - The head of the world's largest airplane lessor dismissed the prospect that Brazil's Embraer would challenge the planemaking duopoly of Airbus and Boeing any time soon, after the Wall Street Journal reported it was exploring a new jet.

"I doubt we'll see anything in material numbers before the end of the 2030s. It's just impossible to develop a new aircraft, particularly if you need a new engine technology, you would have to be well down the track already to have that delivering this side of 2030. So that's not happening," AerCap Chief Executive Aengus Kelly told analysts. (Reporting by Padraic Halpin, Editing by Tim Hepher and Jane Merriman)