In November 2011, Embraer announced that it would develop revamped versions of the E-Jet to be called the E-Jet E2 family. The new jets would feature improved engines that would be more fuel efficient and take advantage of new technologies. Beyond the new engines, the E2 family would also feature new wings, improved avionics, and other improvements to the aircraft. The move came amid a period of high global fuel costs and better positions Embraer as competitors introduced new and more fuel efficient jets, including the Mitsubishi Regional Jet.