✈️ Exclusive Benefits for Readers
Verified codes to save on your next trip.
After receiving the approval of the General Superintendence of Economic Defense, Boeing and Embraer move towards finalizing their strategic partnership.
Boeing and Embraer received unconditional approval for their strategic association from the General Superintendency (SG) of the Administrative Council for Economic Defense (CADE) in Brazil. The decision will be final within the next 15 days unless CADE commissioners request a review. The association has now received unconditional clearance from all regulatory jurisdictions with the exception of the European Commission., which continues to evaluate the agreement.
«Esta última autorización es otro respaldo a nuestra asociación, that will bring greater competition to the regional jet aircraft market, un mejor valor para nuestros clientes y oportunidades para nuestros empleados», said Marc Allen, presidente de Embraer Partnership & Group Operations de Boeing.
«La aprobación de Brasil del acuerdo es una clara demostración de la naturaleza procompetitiva de nuestra asociación», said Francisco Gomes Neto, President and CEO of Embraer. «No solo beneficiará a nuestros clientes, sino que también permitirá el crecimiento de Embraer y la industria aeronáutica brasileña en general».
Until now, an unconditional authorization has been granted in Brazil, USA, China, Japan, South Africa, Montenegro, Colombia and Kenya.
Boeing and Embraer have been in discussion with the European Commission since the end of 2018, and continue to engage with the Commission as it progresses in its assessment of the transaction.
«Nos hemos comprometido productivamente con la Comisión para demostrar la naturaleza procompetitiva de nuestra asociación planificada, y esperamos un resultado positivo», said Allen of Boeing. «Dado el respaldo positivo que hemos visto de los clientes en toda Europa y la autorización incondicional que hemos recibido de cualquier otro regulador que haya considerado la transacción, esperamos asegurar la aprobación final de la transacción lo antes posible».
The planned strategic partnership between the two manufacturers comprises two joint ventures: a joint venture comprised of Embraer's commercial aircraft operations and services (Boeing Brasil – Commercial) in which Boeing will have the 80 percent and Embraer will have the 20 percent; and another joint venture to promote and develop markets for the C-390 Millennium multi-mission transport aircraft (Boeing Embraer – Defending) in which Embraer will have a participation of 51 percent and Boeing will own the 49 remaining percent.
✈️ Exclusive Benefits for Readers
Search here for hotels ALL over the world at the best price.
