< Reveal sidebar

Boeing-Embraer Deal Gets Brazilian Government Approval

Inside the cockpit of the Embraer E145. (Photo: AirlineGeeks | Craig Fischer)

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.

Pablo Diaz

Author

  • Pablo Diaz

    Since a little kid, Pablo set his passions in order: aviation, soccer, and everything else. He has traveled to various destinations throughout South America, Asia, and Europe. Technology and systems expert, occasional spotter, not-so-dynamic midfielder, blogger, husband, father of three cats; he believes that Latin America's aviation industry past, present, and future offer a lot of stories to be told.

Subscribe to AirlineGeeks' Daily Check-In

Receive a daily dose of the airline industry's top stories along with market insights right in your inbox.

Related Stories

Qantas Bids Farewell to Final Boeing 767 Freighter

Qantas is saying farewell to its last operating Boeing 767 aircraft after nearly 40 years of flying the aircraft type.…

Copa Delays 737 MAX 8 Launch Amid Boeing Delivery Woes

Copa Airlines is feeling the effects of Boeing's delivery woes as it delays the launch of its new 737 MAX…

China’s COMAC Begins Developing New Widebody Aircraft

Chinese aircraft manufacturer COMAC has begun work on a new widebody airliner dubbed the C939. The South China Morning Post,…