EARLYThesis forming — early stage, needs conviction
Investment Thesis
Embraer is the clearest beneficiary of structural pilot shortages globally driving demand for smaller regional jets. E2 family backlog at record levels, defense business (Super Tucano, C-390) winning orders globally including European NATO members. Eve eVTOL is a free option with real backers. Boeing/Airbus duopoly issues funnel orders to Embraer.