Embraer will develop a second generation of “E-Jets” with new engines, wings and landing gear, forgoing the option of creating a larger aircraft that would challenge Airbus and Boeing head-on. An enhanced family of the Embraer 170, 175, 190 and 195 is slated to enter service in 2018, 1-2 years after the Airbus A320NEO and Boeing 737 MAX hit the market. The Brazilian aircraft builder plans to invest about $2 billion in the project and is looking at options to stretch the family beyond ...

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