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SÃO PAULO, SP (FOLHAPRESS) – The new company created after the purchase of Embraer's commercial aviation line by Boeing is expected employ about 9,000 people in the Brazil sector. Always anonymous and known internally as NewCo, acronym for New Company, its creation should be made official Thursday (17) by American and Brazilian manufacturers.
The latest information, according to the report found with people related to the company, is still sewn by the legal teams of both companies. The issue of Embraer's staff composition and equalization of intellectual property has been approved by the Brazilian government, which has had the right of veto since the privatization of Embraer in 1994, last week.
The negotiation lasted about a year and, after signature, the shareholders of the Brazilian company will be consulted in 30 days, pending approval, especially after confirmation, Wednesday (16), that they will receive 1 US $. , 6 billion dividends per agreement. Boeing will pay Embraer $ 4.2 billion to control 80 percent of the company, while 20 percent will remain in Brazilian hands.
Regarding the staff, it is still difficult to determine who will leave the "old Embraer" to go to NewCo and who will stay in the company. She has kept the lines of defense and business aviation. Embraer has 18,500 employees, 16 thousand in Brazil. The number to be attributed to NewCo, 9,000, exceeds the estimate of the Union of Metallurgists of São José dos Campos on the strength of the commercial division today.
It was also necessary to put an end to technology transfer from one point of view to the other, which notably made possible the civil adoption of the field of subsonic jets. Alongside the new US controllers, doubts remain as to the brand identity of NewCo. . This can be called simply Boeing Brazil, because it can not use the name Embraer, but the regional jet line purchased with the E2 star can be called this way or turn a Boeing product.
In the 1990s, when the American company bought its rival McDonnell Douglas, only one aircraft was renamed (the Boeing-717, formerly MD-95). This fifth will also sign the agreement creating a joint venture in which Embraer holds 51% control for the production and sale of the KC-390 freighter. Boeing has already made commercial promotion of the plane abroad, without much success. The purchase of 28 KC-390 by FAB (Brazilian Air Force) will continue in the "old Embraer", as will the first probable export to Portugal.
To allow the aircraft to be sold in the United States or to use the benefits of the US military sales program to other governments, a KC-390 line should be open in the country. This is what happens with the "old Embraer" Super Tucano. The export fees to which the FAB has the right to put 5 billion rubles in the development of the aircraft will be paid by the Brazilian part of the joint venture, mainly as the army requested in the negotiation.
To calm the fears of denationalization, the agreement clearly indicates that the Gavião Peixoto KC-390 line will continue to operate, but that the problem will have to be resolved throughout 2019, if the transaction proceeds as planned . NewCo's commercial jets will continue to be manufactured at Embraer headquarters in São José dos Campos, 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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