in Air Transport

Boeing-Embraer strategic partnership taking shape

Posted 4 October 2019 · Add Comment

Boeing and Embraer have together released a statement outlining they will continue to work closely together to establish their strategic partnership, positioning both companies to deliver greater value to airline customers and the flying public, and to accelerate growth in global aerospace markets.

Since receiving approval for the partnership from Embraer shareholders in February this year, the companies have undertaken diligent planning for the creation of a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will own 80 percent of the new company, to be named Boeing Brasil – Commercial. Embraer will hold the remaining 20 percent.

The statement said: “The transaction remains subject to regulatory approval; the two companies are actively engaged with authorities in relevant jurisdictions and have obtained a number of regulatory approvals. Following a detailed assessment by the U.S. Federal Trade Commission, the parties' strategic partnership has received clearance to close in the United States. The European Commission recently indicated it will open a Phase II assessment in its review of the transaction, and Boeing and Embraer look forward to assisting with that review. Based on this development, however, the companies now expect the transaction to close in early 2020.

“Boeing and Embraer are also preparing to launch a joint venture to promote and develop markets for the multi-mission medium airlift KC-390. Under the terms of the proposed partnership, Embraer will own a 51 percent stake in the joint venture and Boeing will own the remaining 49 percent. Two KC-390 milestones were recently achieved by Embraer: the first KC-390 was delivered to the Brazilian Air Force, and the first international purchase was announced by Portugal.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Russian Helicopters present Mi-35P at Russia-Africa Economic Forum

Russian Helicopters holding company (part of Rostec State Corporation) is showcasing its modernised Mi-35P attack helicopter, a corporate version of the civilian multipurpose Ansat helicopter and a mobile service center for

Ethiopian Airlines Group launches sustainability initiative to support local farmers

Ethiopian Airlines Group has launched an innovative capacity development initiative aimed at creating local value in agricultural products.

Gulfstream surpasses 25 G500 deliveries

Gulfstream Aerospace has delivered more than 25 Gulfstream G500 aircraft to customers just over a year after the aircraft entered service.

Safran to provide complete nacelle for Gulfstream’s G700 business jet

Safran Nacelles has confirmed its Tier 1 supplier role for the complete nacelle on Rolls-Royce Pearl 700 turbofan engines that power Gulfstream Aviation’s G700 business jet, which was unveiled at this week’s 2019 NBAA Business

Leonardo signs Distributorship Agreement with Absolute Aviation Group in South Africa

Leonardo has signed a Distributorship Agreement with Absolute Aviation Group in South Africa for the civil and commercial market.

Boeing makes new appointments

Boeing Company today named Stan Deal to succeed Kevin McAllister as president and CEO of Boeing Commercial Airplanes and Ted Colbert to succeed Deal as president and CEO of Boeing Global Services, effective immediately.

AVMENA20 SK1309100620
See us at
AVAFA20BT2207050320AVMENA20 BT1309100620Dubai AS BT2006211119