After receiving approvalón of the General Superintendency of Defense Económica, Boeing and Embraer advance towards specifying their associationón strataégica.
Boeing and Embraer received approvalón unconditional for your associationón strataéGica by the General Superintendency (SG) of the Administrative Council of Defense Económica (CADE) in Brazil. I decided itóto beá definitive within the PRówe moan 15 díAs unless Cade commissioners request a reviewón. La associationón now has received authorizationóunconditional n of all regulatory jurisdictions with the exceptionóNo. of the Commissionón European, what continuesúTo evaluate the agreement.
«Is última authorizationón is another support for our associationón, what Brigá greater competition to the regional aircraft market to reactionón, a better value for our clients and opportunities for our employees», said Marc Allen, presidente de Embraer Partnership & Group Operations de Boeing.
«You approveón of Brazil of the agreement is a clear demonstrationón of the procompetitive nature of our associationón», said Francisco Gomes Neto, President and CEO of Embraer. «Not only benefitá To our clients, but alsoén allowá Embraer's growth and aeron industryáutica brazilñin general».
So far an authorization has been grantedón unconditional in Brazil, USA, China, Japón, Sudáfear, Montenegro, Colombia and Kenya.
Boeing and Embraer have been arguing with the commissionóEuropean n since the end of 2018, and continueúAn collaborating with the commissionón as it advances in your evaluationón of the transactionón.
«We have committed productively with the commissionón to demonstrate the procompetitive nature of our associationón planned, And we expect a positive result», said Allen of Boeing. «Given the positive support we have seen from customers throughout Europe and authorizationón unconditional that we have received from any other regulator that the transacci has consideredón, We hope to ensure approvalóFinal N of the Transacción as soon as possible».
La associationón strataéplanned gica between both manufacturers includes two joint companies: a joint venture comprised of Embraer's commercial aircraft operations and services (Boeing Brasil – Commercial) in which Boeing will haveá the 80 percent and clutter will haveá the 20 percent; and another joint business to promote and develop markets for avión of multimisi transportón C-390 Millennium (Boeing Embraer – Defending) in which I will haveá a participationón of the 51 percent and Boeing haveá the 49 remaining percent.
