Embraer Says It Needs Time to Develop Airbus, Boeing Jet Rival

Embraer SA says it won’t be rushed into a decision on committing to the launch of a new aircraft to compete with Airbus SE and Boeing Co.

“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,” Arjan Meijer, president and chief executive officer of Embraer Commercial, told Bloomberg News at the annual meeting of Asian airlines gathering in Bangkok.