Boeing-Embraer merger going ahead after Bolsonaro approval

phys.org | 1/11/2019 | Staff
TwiztedGurl (Posted by) Level 3
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Aviation giants Boeing and Embraer will push on with their proposed merger after Brazil President Jair Bolsonaro confirmed on Thursday he would not oppose the move.

The two companies had announced in July that American Boeing would take control of Brazilian Embraer's commercial airplane manufacturing business but the deal hit a snag last week when Bolsonaro, who was sworn in as president on January 1, expressed concerns over the deal.

Embraer - Shares - Dive - Bolsonaro - Statement

Embraer's shares took a nose dive after Bolsonaro's statement but on Monday his government said it was "not thinking of interrupting this negotiation."

On Thursday, a statement published by the presidency said Bolsonaro was satisfied that "the final...
(Excerpt) Read more at: phys.org
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