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Embraer CEO says it needs time before developing jet rival, Bloomberg says

Embraer (ERJ) won’t be rushed into committing to the launch of an aircraft to compete with Airbus (EADSY) and Boeing (BA), Danny Lee of Bloomberg reports. “Whatever we do, it’s going to be another big decision for the company and we are going to take the time it needs to make a decision,” president and CEO of Embraer Commercial Arjan Meijer told Bloomberg.

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