Embraer accuses Boeing of ‘wrongfully’ terminating merger | Malay Mail

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BRASILIA, April 26 ― Brazilian airplane manufacturer Embraer on Saturday accused US giant Boeing of “wrongfully” terminating a US$4.2 billion (RM18.3 billion) acquisition deal and making “false claims” to get out of the agreement.  Boeing had been due to buy an 80 per cent stake in...

Workers set up at the Embraer booth prior to the opening of the National Business Aviation Association exhibition in Las Vegas October 21, 2019. ― Reuters pic

Boeing had been due to buy an 80 per cent stake in the Brazilian company’s commercial plane division but earlier on Saturday said it was exercising its right to pull out, claiming “Embraer did not satisfy the necessary conditions.”

 

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