A PYMNTS Company

Brazil Antitrust Regulator OKs Boeing-Embraer Deal

By  |  January 28, 2020

Brazilian antitrust regulator CADE on Monday, January 27, approved Boeing’s purchase of Embraer’s commercial aviation division without restrictions, according to a statement on the agency’s website.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    CADE’s top administrative council could still call for a reconsideration of the case, putting the matter to a vote. The companies welcomed the move on Monday, with Boeing saying it remained confident of getting approval from the European Commission, the last hurdle to the transaction. 

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    The European Union has set an April 30 deadline to decide on the deal. Boeing has offered to pay US$4.2 billion for 80% of Embraer’s commercial jet division, which builds passenger jets in the 70- to 150-seat segment. 

    That puts it in direct competition with next-generation jets designed by Bombardier and acquired by Europe’s Airbus, which rebranded them the A220 program.

    Full Content:

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.