Agreement seeks to reshape the logistics network to increase efficiency and offer cargo solutions in Brazil and abroad

Santiago, Chile, April 9th, 2024 - Embraer and Correios, Brazil's state-controlled postal company, today signed a Memorandum of Understanding (MoU) focused on air cargo transport. Both companies will conduct joint studies to advance the optimization and expansion of the Brazilian and international air networks for large cargo and goods.

The strategic partnership between the companies will seek to increase Correios' efficiency in air transport and reduce operation costs compared to other modes. It will also evaluate challenges and opportunities for new business models involved in Embraer platforms, such as the E-190F, E-195F, and C-390 Millennium.

"With this partnership, we will be able to bring more efficiency to our logistics network and thus benefit the Brazilian population, which is our greatest mission as a public company and representative of the federal government. We are the largest air cargo operators in the country; no other logistics company has even half the airlines and cargo handled by Correios," says Fabiano Silva dos Santos, President of Correios. The executive also stresses that the remodeling of the state-owned company's air network is part of the company's modernization project, Correios do Futuro (Correios of the Future).

"We are very pleased to collaborate with Correios in studying a more efficient logistics network for the transport of goods, both in Brazil and internationally. Embraer has a consolidated aircraft portfolio, and the solutions to be studied together will allow Correios to expand its service offering to its customers with high reliability and efficiency," said Bosco da Costa Junior, President and CEO of Embraer Defense & Security.

Embraer is on schedule to complete its first conversion from E-Jet to a cargo version of the aircraft, having already successfully completed the first flight test. Embraer currently has two contracts for converting up to 20 E-Jets into freighters.

Images: https://embraer.bynder.com/share/E94F84FE-941E-441B-8E302531DE137ED3/

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.

About Correios

Correios, Brazil's leading company in logistics and parcel delivery market and responsible for national postal activity is a modern public company with the mission of promoting national integration, contributing to the government's socio-economic development, and connecting people, institutions, and businesses. With more than 360 years of history and a presence in 100% of Brazil's cities, the state-owned company has the largest logistics infrastructure in Latin America: a service network of more than 10,000 branches, more than 8,000 operational units, 23,000 vehicles, and 87,000 direct employees. For more information, visit: www.correios.com.br.

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Embraer SA published this content on 09 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2024 19:56:08 UTC.