Friday, October 4, 2019

Boeing-Embraer strategic partnership postponed to early 2020

Embraer is a Brazilian aerospace conglomerate that produces commercial, military, executive and agricultural aircraft and provides aeronautical services. The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Aviation

Oct 4, 2019: Brazilian aircraft manufacturer Embraer has delayed its expected timeline for the closing of a major deal with Boeing to early 2020. Previously, Embraer had said repeatedly that the deal, which will see Boeing buy 80 percent of its commercial jet division for $4.75 billion, would close by the end of 2019.

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