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Boeing Scraps $4.2 Billion Embraer Deal as Market Shrinks

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Boeing Co. is walking away from its proposed $4.2 billion combination with Embraer SA’s commercial-aircraft business, ending years of talks, as the planemakers brace for a far smaller jetliner market after the coronavirus pandemic. (www.bloomberg.com) Altro...

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yr2012
matt jensen 3
Brasilian govt was right to object to the sale, but pushed thru by pols
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MikeMohle
Mike Mohle 2
Hi Ed,

Cliff-notes version:

Boeing was planning on paying over $4B in the deal and Embraer will seek damages from them for the $100M termination penalty. Big Deal ended indeed. Too bad.
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edman610
ed lang 1
Thank you!
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nasdisco
Chris B 1
The longer deals take to close the higher the probably of failure. This one had been going on for two years
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KicksOnRoute66
Roger Anderson 2
How many times are we going to post this?
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edman610
ed lang 1
Article is only visible with a Bloomberg subscription
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yr2012
matt jensen 2
A three second non-G search found another article
[url]https://gulfnews.com/business/aviation/boeing-embraer-scrap-42b-deal-as-jet-market-shrinks-1.1587829343032[/url]
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TorstenHoff
Torsten Hoff 3
The same info was also squawked twice before. It's not exactly breaking news.
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