The Brazilian government has approved a joint venture between Embraer and Boeing, capping weeks of uncertainty in which Brazilian President Jair Bolsonaro expressed hesitation.
Brazilian Government Approves Embraer, Boeing Joint Venture
Key Takeaways:
- The Brazilian government has approved the Embraer-Boeing joint venture, maintaining the original terms for Boeing to acquire 80% of Embraer's commercial airplane division for $4.2 billion.
- A last-minute change to the deal includes a commitment to "maintain the current jobs in Brazil," addressing concerns about potential job losses.
- This tie-up is viewed as a significant move in reshaping the global mid-size jetliner market, following Airbus's acquisition of Bombardier's commercial plane division, though it still requires Embraer shareholder and international regulatory approvals.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
