[ad_1]
Boeing will acquire a majority stake in the Brazilian branch of Embraer in a new $ 4.75 billion joint venture.
FARNBOROUGH, England (Reuters) –
Executives of aircraft manufacturers Boeing and Embraer defended the possible partnership for the production of commercial aircraft on Monday and said they were confident that they would be able to do so. they would get regulatory approval.
"I can not anticipate that anyone will be against this project considering the benefits it will bring to Brazil," said Paulo Cesar de Souza e Silva of Embraer at a conference of press at the Farnborough Air Show.
Lee: Boeing Pact Alliance with the Brazilian Embraer
"Who can be against more jobs, more exports, more technology and more access to capital? " South American giant
The companies said earlier this month that they had reached an agreement whereby the US company Boeing will acquire a controlling stake in the Brazilian Mbraer branch in a new joint venture of 4, $ 75 billion that will strengthen a global duopoly in the passenger aircraft industry.
We recommend: The US Treasury revokes the licenses to Boeing and Airbus to sell planes to Iran
The new company, which encompasses the activities of Embraer, will allow Boeing to better compete with CSeries aircraft designed by Canadian Bombardier and backed by its European competitor Airbus SE. Dennis Muilenburg, of Boeing, said the deal would mark a turning point in his company's history and that there was a "grand alignment" between the two companies.
Muilenburg said that the agreement would allow Boeing to reach customers with the fleet service combinations between the 737 MAX aircraft and the E2 family, and offer other values in the technology and services.
Source link
