Boeing and Embraer welcome the unconditional approval of\ntheir strategic partnership by the Administrative Council for Economic Defense\n(CADE)’s General-Superintendence (SG) in Brazil. The decision will become final\nwithin the next 15 days unless a review is requested by CADE Commissioners. The\npartnership has now received unconditional clearance from every regulatory\njurisdiction with the exception of the European Commission, which continues to\nassess the deal.<\/p>\n\n\n\n
“This latest clearance is yet another endorsement of\nour partnership, which will bring greater competition to the regional jet\nmarketplace, better value for our customers and opportunities for our\nemployees,” said Marc Allen, Boeing’s president of Embraer Partnership\n& Group Operations.<\/p>\n\n\n\n
“Brazil’s approval of the deal is a clear demonstration\nof the pro-competitive nature of our partnership,” said Francisco Gomes\nNeto, president and CEO of Embraer. “It will not only benefit our\ncustomers, but also allow the growth of Embraer and the Brazilian aeronautical\nindustry as a whole.”<\/p>\n\n\n\n
Unconditional clearance has now been granted in Brazil,\nUnited States, China, Japan, South Africa, Montenegro, Colombia, and Kenya. <\/p>\n\n\n\n
Boeing and Embraer have been in discussion with the European\nCommission since late 2018, and continue to engage with the Commission as it\nproceeds through its assessment of the transaction.<\/p>\n\n\n\n
“We have been productively engaged with the Commission\nto demonstrate the pro-competitive nature of our planned partnership, and we\nlook forward to a positive outcome,” Boeing’s Allen said. “Given the\npositive endorsement we’ve seen from customers across Europe and the\nunconditional clearance we’ve received from every other regulator who has\nconsidered the transaction, we look forward to securing final approval for the\ntransaction as soon as possible.”<\/p>\n\n\n\n
The planned strategic partnership between Embraer and Boeing\ncomprises two joint ventures: one joint venture made up of the commercial\naircraft and services operations of Embraer (Boeing Brasil \u2013 Commercial) in\nwhich Boeing will own 80 percent and Embraer will hold 20 percent; and another\njoint venture to promote and develop markets for the multi-mission medium\nairlift C-390 Millennium (Boeing Embraer \u2013 Defense) in which Embraer will own a\n51 percent stake and Boeing will own the remaining 49 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boeing and Embraer welcome the unconditional approval of their strategic partnership by the Administrative Council for Economic Defense (CADE)’s General-Superintendence (SG) in Brazil. The decision will become final within the next 15 days unless a review is requested by CADE Commissioners. The partnership has now received unconditional clearance from every regulatory jurisdiction with the exception […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[],"class_list":["post-14687","post","type-post","status-publish","format-standard","hentry","category-international-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/14687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=14687"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/14687\/revisions"}],"predecessor-version":[{"id":14688,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/14687\/revisions\/14688"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=14687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=14687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=14687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}