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US: Boeing CEO says Embraer buy is not essential

 |  February 21, 2018

According to Reuters, Boeing  sees a “great strategic fit” in a possible acquisition of Brazilian plane maker Embraer but the deal is not essential, Boeing Chief Executive Officer Dennis Muilenburg said on Wednesday, February 21.

“This is actually something we’ve been working on for many years,” Muilenburg said, dismissing reports that Boeing is concerned about a recent tie-up between rival Airbus SE (AIR.PA) and Canadian plane maker Bombardier.

“If we can get to a good deal and one that adds value for our customers and our companies, we will do it,” Muilenburg said at an investor conference in Miami organized by Citigroup Inc “If we can’t get to the finish line, it doesn’t change our strategy. This is a great complement to our strategy but not a must do.”

Boeing shares fell slightly (0.28%) on the days trading.

Full Content: Reuters

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