LatAm Capital Goods & Transportation Road Ahead (May 18): C-390 in Andean Countries, BEES Auction, Rumo Stake Sale, Airlines Cut Flights

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LatAm Capital Goods & Transportation Road Ahead (May 18): C-390 in Andean Countries, BEES Auction, Rumo Stake Sale, Airlines Cut Flights

J P M O R G A N Latin America Equity Research

18 May 2026

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LatAm Capital Goods &

Transportation

Road Ahead (May 18): C-390 in Andean Countries,

BEES Auction, Rumo Stake Sale, Airlines Cut Flights

Upcoming Events This Week Latin American Capital Goods

• Mon. (May 18): IMEA Data @ 5pm ET Marcelo Motta AC (55-11) 4950-6712

marcelo.g.motta@jpmorgan.com• Wed. (May 20): RAPT Monthly Revenues

Jonathan S. Koutras

Top News from Past Week: (55-11) 4950-3549

• Embraer aims to sell C-390 military plane to Colombia and jonathan.s.koutras@jpmchase.com

Chile. According to Embraer’s CEO, the company is in talks with Colombia Latin American Transportation

and Chile for potential orders of its C-390 military transport aircraft, as it ramps Guilherme Mendes AC

up production to meet growing international demand. Brazil remains the only (55-11) 4950-4105

Latin American operator of the plane, which competes with Lockheed Martin's guilherme.g.mendes@jpmorgan.com

C-130 Hercules. A deal with Colombia could come soon following the fatal Julia Orsi

crash of a C-130 in March that killed 70 people, while Chile is seen as a (55-11) 4950 3351

julia.orsi@jpmorgan.com

medium-term opportunity – Reuters (May 11). Banco J.P. Morgan S.A.

• CPFL Director says that BEES auction remains scheduled for 2026. CPFL