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247 – In an additional sign of alignment with US interests, President-elect Jair Bolsonaro (PSL) said his government would approve the merger of Brazilian aircraft manufacturer Embraer with Boeing. "I am in favor of this merger, and I understand that if Embraer remains single, its tendency is to disappear," said Bolsonaro after attending the graduation of sergeant at the School of Aeronautics Experts in Guaratinguetá (SP).
Negotiations between Boeing and Embraer began in July of this year, when the two companies were merged with what is called the Golden Action, a law guaranteeing the government's right of veto . an agreement has been announced for the creation of a new company.
The company, which is already valued by the market at approximately 4.75 billion US dollars, will hold an 80% stake in Boeing. and only 20% of Brazilian society.
Despite the agreement reached in the field of commercial aviation, defense and security segments as well as jet aircraft were excluded from the merger. The two companies had already indicated that a joint venture in the field of defense should be formed, without however specifying how this process will be implemented
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