Embraer Enters Air Freight Market With Passenger To Freight Conversions

Embraer SA ERJ enters the air freight market with the E190F and E195F Passenger to Freight Conversions (P2F) launch.
These E-Jets freighters are designed to meet the changing demands of e-commerce and modern trade that require fast deliveries and decentralized operations.
The full freighter conversion is available for all pre-owned E190 and E195 aircraft, with service expected in early 2024. Embraer sees a market for ~700 aircraft over 20 years.
The company plans to perform freighter conversion at its facilities in Brazil.
"Perfectly positioned to fill the gap in the freighter market between turboprops and larger narrowbody jets, our P2F E-Jet conversion hits the market as the demand for airfreight continues to takeoff, and as e-commerce and trade in general undergoes a global structural transformation," said Arjan Meijer, President and CEO Embraer Commercial Aviation.
Price Action: ERJ shares are trading lower by 5.30% at $12.31 on the last check Monday.