Bolsonaro worries about merger project between Embraer and Boeing – Air Power

The President of the Republic, Jair Bolsonaro, expressed Friday, 4, his concern about the latest proposal for merger between Embraer and Boeing

concern about the latest proposal for merger between Embraer and Boeing. According to the latest version of the contract, technological information could be transmitted to the American aeronautical company. Bolsonaro did not specify the type of data that could be accessed but spoke of the protection of the national heritage.

"This merger would be very good, but we can not … As in the last proposal, in five years everything can be pbaded on the other side." Our concern is this. we know the need for this merger, so that it (Embraer) can become competitive and not get lost over time, "said the president after a ceremony in charge of aeronautics at Brasilia Air Base [19659004Embraerhasagreedtosell80%ofitscommercialaviationdivisionthecompany'sprincipaltoBoeingOneoftheprovisionsoftheagreementauthorizesEmbraertoselltheremaining20%​​ofthepartnershiptoBoeing

SOURCE : Jornal do Brasil / Agencies