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Business/Financial

Embraer Initiates Court Proceedings After Boeing Withdraws From Joint Ventures

By Cal Biesecker

Monday, April 27th, 2020

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Embraer Initiates Court Proceedings After Boeing Withdraws From Joint Ventures

The Embraer KC-390 transport airplane. Photo: Embraer.

Brazilian commercial and military aircraft manufacturer Embraer [ERJ] on Monday said it has “commenced arbitration proceedings” following Boeing’s [BA] announcement last Saturday that it has terminated an agreement with Embraer to create joint ventures in commercial aviation and a military cargo plane. After Boeing announced its termination of the Master Transaction Agreement (MTA) due to what it said were unsuccessful negotiations to resolve certain conditions with the deal, Embraer followed on Saturday with its own statement that Boeing was wrong…

Congress

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