((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
The head of the world’s largest plane lessor has ruled out the possibility that Brazil’s Embraer EMBR3.SA will soon challenge planemaker duopoly Airbus and Boeing, after the Wall Street Journal reported the company was studying the possibility of a new jet.
“I don’t think we’ll see anything concrete until the late 2030s. It’s just impossible to develop a new aircraft, especially if you need new engine technology, you’d have to be already “well on track to be able to deliver this type of aircraft before 2030. So that’s not the case,” Aengus Kelly, chief executive of AerCap AER.N , told analysts.