Brazilian Court Puts Boeing-Embraer Deal on Hold

A Brazilian federal judge has suspended the deal that would see Boeing buy 80 percent of Embraer’s commercial aviation business. The companies signed the joint venture, worth $4.75 billion, in July and have faced criticism in Brazil for the deal since.
The judge ordered the companies to “suspend any concrete effect of an eventual decision of the board of Embraer” to sell the company’s commercial jet unit to Boeing until incoming President Jair Bolsonaro takes office Jan….



Source URL: Brazilian Court Puts Boeing-Embraer Deal on Hold

Source Website: Advance Engineering – Engineering.com

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