LatAm Capital Goods & Transportation: Road Ahead (Aug. 10): IndiGo Potential Order, Super-Tucano & Latvia, Cosan Bids Postponed, Infra Capex

研报英文原文证据摘录

J P M O R G A N

Latin America Equity Research

10 August 2026

LatAm Capital Goods &

Transportation

Road Ahead (Aug. 10): IndiGo Potential Order, SuperTucano & Latvia, Cosan Bids Postponed, Infra Capex

Upcoming Events/2Q Earnings (Eastern time - ET)

Latin American Capital Goods

• Mon. (Aug. 10): EMBJ (BMO); IMEA Data @ 5pm; JSL & MOVI (AMC)

• Tue. (Aug. 11): FRAS and VAMO (AMC);

• Wed. (Aug. 12): FRAS CC @ 10am (here); LEVE, RAIL and SIMH (AMC)

• Thu. (Aug. 13): LEVE CC @ 9am (here); RAPT and AZUL (AMC)

• Fri. (Aug. 14): RAPT CC @ 10am (here)

Marcelo Motta AC

Top News from Past Week:

• IndiGo is in talks for dozens of Embraer E2 jets in a potential billion-dollar

order. IndiGo’s parent company InterGlobe Aviation is in early-stage

discussions with Embraer to purchase dozens of E2 regional jets to replace its

turboprop ATR fleet and expand capacity. The deal could be valued at >US$1bn

in list prices, making it Embraer’s largest order in India. Embraer has already

partnered with Adani’s conglomerate to build aircraft in India and has stated it

needs orders for at least 200 E175 jets before considering an Indian assembly

facility - The Telegraph (Aug. 10).

(55-11) 4950-6712

Jonathan S. Koutras

(55-11) 4950-3549

Latin American Transportation

Guilherme Mendes AC

(55-11) 4950-4105

Julia Orsi

(55-11) 4950 3351

Banco J.P. Morgan S.A.

• Latvia evaluates incorporating the A-29 Super Tucano into air

defense. Latvia's Air Force commander Colonel Viesturs Masulis revealed the

country is assessing the possible acquisition of Embraer's A-29 Super Tucano

turboprop as an air-based defense solution against drones and slow-moving

targets. Initial contacts with manufacturers were made during the Global Air &

Space Chiefs' conference in London in mid-July 2026. The Latvian government

has already allocated over €1bn to strengthen the country's air defense, and the

evaluation is at an early stage pending detailed cost and delivery estimates from

manufacturers - LRCA Defense (Aug. 9).

• Cosan postponed the deadline for binding bids for its stake in Rumo to early

September. Cosan has postponed by about one month the deadline for receiving

…