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The new company created as a result of Boeing's purchase of Embraer's commercial airline line is expected to employ approximately 9,000 people in Brazil. According to Folha the last details, according to had not been published and were known as NewCo, acronym for New Company. as well as people related to the company, are still sewn by the legal teams of both companies.
The agreement was approved last week by the Brazilian government, which has the right of veto during the privatization of Embraer in 1994. Negotiations lasted more than two years.
An approval is expected, especially after confirmation, Wednesday (16), that they will receive 1 US dollar. 6 billion dividends under the agreement. Boeing will pay Embraer $ 4.2 billion for controlling 80 percent of the company, while 20 percent will stay with Brazilians.
Regarding the staff, it is not yet clear who will migrate from the "old Embraer" to NewCo and who will remain in the company. He has retained the lines of defense and business aviation.
Embraer employs 18,500 people, including 16,000 in Brazil. The number opposes the deal because he fears that the "old Embraer" may not be able to use the "becomes unsustainable, loses jobs and access to technology
The issue of ownership Intellectual is quite complex.
The remaining company must maintain its staff and its technical capabilities in the civilian field, as it will continue to sell jets executives.
Technology transfer from one side to the other 39, which made possible the civil adoption of the subsonic jet flight field, also had to be closed.
Among the new American controllers, the NewCo mark raises doubts. simply call Boeing Brazil because it can not use the name Embraer.
The regional reaction line purchased with the E2 star can already be called that or become a Boeing product.In the 1990s, when the American company bought his laugh Val McDonnell Douglas, only one aircraft was renamed (the Boeing-717, former MD-95).
The agreement to establish this farm will also be signed, creating a joint venture in which Embraer owns 51 percent of the production and sale of the KC-390 freighter.
Boeing was already promoting the aircraft commercially abroad without much success. The purchase of 28 KC-390 by the Brazilian Air Force (FAB) will continue in the "old Embraer", as will the first probable export to Portugal.
To allow the sale of the aircraft to the United States or to take advantage of the US Military Sales Program benefits to other governments, a KC-390 line should be opened in the country. This is what happens with the "old Embraer" Super Tucano.
The export charges to which the FAB is entitled to allocate R5 billion for the development of the aircraft will be paid by the Brazilian part of the joint venture, which is the majority
In response to fears of denationalisation, the agreement clearly indicates that the KC-390 line from Gavião Peixoto (SP) will continue to operate.
The issue of lines has not been defined in 2019, if the case materializes as expected. NewCo commercial aircraft will continue to be manufactured at Embraer headquarters in São José dos Campos (SP), but it is unclear whether executive aviation will be included in an agreement between companies or will be transferred to the Gavião Peixoto unit.
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