Another retrojet is joining the ranks, but this one will be one of the harder ones to fly on. Cargo…
Boeing-Embraer Deal Gets Brazilian Government Approval
While the European Union is delaying its ruling on the grounds of requiring additional information that provides sufficient proof that the market is not going to be more concentrated, the Brazilian government has finally approved the joint venture between Boeing and Embraer.
The Administrative Council for Economic Defense (CADE)’s General-Superintendence (SG) in Brazil has ruled in favor of the merger and its decision will become final within the next 15 days unless further review is required.
Both companies have discussed the terms of the deal with the European Commission since late 2018, and expect a final ruling no later than April 30.
The planned strategic partnership between Embraer and Boeing comprises two joint ventures: one joint venture made up of the commercial aircraft and services operations of Embraer (Boeing Brasil – Commercial) in which Boeing will own 80 percent and Embraer will hold 20 percent; and another joint venture to promote and develop markets for the multi-mission medium airlift C-390 Millennium (Boeing Embraer – Defense) in which Embraer will own a 51 percent stake and Boeing will own the remaining 49 percent.
- Azul Ramps Up Domestic Flights, Ponders International Network Redesign - July 6, 2020
- FAA Plans 737 MAX Recertification Flights Starting Monday - June 28, 2020
- Time to Rebuild: Embraer Commercial Aviation Appoints New CEO - June 17, 2020
South African Airways has sent its Airbus A330-200 and A350-900 to Teruel Airport in Spain for long term storage amid…
Mesa Air Group, a major regional carrier in the United States, announced Monday that it will provide air cargo services…