Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a $4.2 billion commercial aerospace tie-up amid the coronavirus crisis. The company’s shell-shocked chief executive, in the job for a year with little aerospace experience, sought to rally […]

Brazil planemaker Embraer SA said that after a $4.2 billion deal with Boeing Co fell apart over the weekend, it is working on adjusting production levels and capital expenditures, as well as working to preserve cash. The company added in a statement that it finished 2019 with a “solid cash position” and had no “significant […]

Boeing Co on Saturday pulled out of a $4.2 billion deal to buy the commercial jets division of Brazil’s Embraer, unraveling years of work on a transformative move driven by expanding competition with Europe’s Airbus. “Over the past several months, we had productive but ultimately unsuccessful negotiations … We all aimed to resolve those by […]

Boeing Co has told the Brazilian planemaker Embraer that Embraer has not met conditions needed to complete a civil aerospace tie-up, meaning the $4.2 billion deal is off for the foreseeable future, two people familiar with the matter said. In a letter late on Friday, Embraer declined to agree to an extension to an April […]

Brazilian planemaker Embraer is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to corporate approvals, a top executive said on Monday. The aircraft would be in the same size range or even larger than the 70-seat ATR-72, a […]

Bombardier on Monday unveiled its revamped Liberty Learjet 75 corporate plane, betting that extra legroom and a lower price tag would help the Canadian company beat back competition from Embraer SA’s market leading model. Bombardier and Embraer are both turning to their corporate jet divisions for growth after shedding control of their commercial aviation programs. […]

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan […]

Boeing Co. and Embraer SA are likely to reach a deal after months of talks, Brazil’s defense chief said, setting the stage for the second alliance between major planemakers in six months.

Boeing Co will have a 51 percent stake in a joint company currently being negotiated with Brazilian aircraft maker Embraer, O Globo newspaper columnist Lauro Jardim reported on Sunday. Boeing has agreed to a Brazilian government demand that the U.S. company have no more than a 51 percent controlling share, Jardim said, without citing sources. […]