BRASILIA (Reuters) – Brazilian President Jair Bolsonaro said on Friday he is concerned that a proposed sale of 80 percent of Embraer’s commercial aviation business to Boeing could lead to the U.S. planemaker taking over all of the division.
Bolsonaro’s statement, made to reporters after an Air Force event, was the strongest indication yet of concerns by the Brazilian government, which has to greenlight the deal, over the proposed tie-up.
Bolsonaro - Aides - Deal - Statements - Time
Bolsonaro and his aides have generally supported the deal in public statements made in the past, but this is the first time he has discussed specifics.
“The merger would be good,” Bolsonaro said. But he noted that the proposed Embraer-Boeing tie-up could result in the Brazilian planemaker “passing to the other side.”
Concern - Embraer
“That’s our concern,” he added. “(Embraer) is...
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