December 18, 2018 |
Brazil's aerospace industry is unlikely to see more deals like the proposed joint venture between Embraer and the US aircraft manufacturer Boeing, LatinFinance has heard.
"There are no other aerospace companies in Brazil's industry, so I don't see any more deals like this happening anytime soon," said an analyst at Fitch Ratings. "This is a unique transaction in which both companies will increase manufacturing and service revenues."
Boeing and Embraer joined sides as a "competitive reaction" to
Brazilian and US aircraft manufacturers finalize the terms of a proposed $5.26bn joint venture