Brazil’s Embraer says Boeing ‘wrongfully terminated’ deal for $4 billion tie-up

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An Embraer E195 jet airliner on display at the 2019 Paris Air Show opened at Le Bourget Airport.

Marina Lystseva | TASS | Getty Images

Boeing has ended agreements for joint ventures with Brazil’s Embraer after a deadline for the deal passed, the latest derailment at the aerospace giant. 

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“Boeing has worked diligently over more than two years to finalize its transaction with Embraer. Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied [master transaction agreement] conditions. We all aimed to resolve those by the initial termination date, but it didn’t happen,” Marc Allen, preident of the Embraer Partnership and Group Operations, in a Boeing news release. “It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues.”

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