This Brazilian planemaker denied reports it wants to kick Boeing while it's down and build a new jet to compete with the 737

• The WSJ reported Embraer is looking to build a new aircraft to compete with Boeing and Airbus.
• The planemaker denied this, but added it "certainly has the capability."
• Boeing's recent troubles suggest there could be room for its minor rivals to edge into the duopoly.

The Brazilian planemaker Embraer has denied reports it wants to capitalize on Boeing's misfortune by working on a new aircraft.