Embraer's Board of Directors ratifies approval of the deal with Boeing

Embraer

2019/01/22 | 174 words | AEROCONTACT | INDUSTRY / TECHNOLOGY
Embraer's Board of Directors ratifies approval of the deal with Boeing © Embraer

Embraer's Board of Directors ratified today its prior approval regarding the strategic partnership with Boeing. Yesterday, the Government of Brazil authorized the transaction that would position both companies to accelerate growth in global aerospace markets.

The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019. 

About Embraer 

Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. 

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. 

Embraer is the leading manufacturer of commercial jets up to 150 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.


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