Tag: Embraer-Boeing deal

• Tuesday, December 11th 2018 - 08:19 UTC

  Embraer-Boeing deal clears provisional injunction, but now depends on Bolsonaro's administration

  

  A Brazilian federal court has overturned a provisional injunction that blocked a proposed tie-up between plane makers Embraer and Boeing, Embraer said on Monday in a securities filing. Brazil's Embraer announced in July its intention to sell 80% of its commercial aviation business to Chicago-based Boeing for US$ 3.8 billion. Embraer has said the deal is crucial for its survival.