Boeing-Embraer Deal Gets Green Light from Brazil Antitrust Regulator

By Paul Riegler on 28 January 2020
  • Share

An Embraer E190 in American Airlines livery

Brazil’s antitrust regulator, Cade, approved on Monday Boeing’s planned acquisition of Embraer’s commercial aviation division without restrictions, the two companies said in a statement.

The two companies welcomed the “unconditional approval.”

The deal has received all required regulatory approvals except for that of the European Union, which has set a deadline of April 30, 2020 to decide on the deal.

“This latest clearance is yet another endorsement of our partnership, which will bring greater competition to the regional jet marketplace,” saidMarc Allen, Boeing’s president of its Embraer Partnership & Group Operations unit.

Boeing announced plans to acquire a controlling interest in Embraer’s commercial aircraft business under a new $4.75-billion joint venture in July 2018.

(Photo: Accura Media Group)

Accura News

Read previous post:
Coronavirus Causes Drop in Travel Stocks, Oil Prices

As the death toll from the novel coronavirus climbed and the U.S. Department of State and the U.S. Centers for...

Close