January 14, 2019 |
The Brazilian government has approved a partnership between Embraer and Boeing, promising not to use its golden share to block the deal.
"It's clear that the nation's sovereignty and interests are preserved," President Jair Bolsonaro said in a tweet. "The government does not oppose the process proceeding."
Under the terms of the deal, Boeing will pay $4.2bn for 80% of Embraer's commercial jet operations. The companies will also create a joint venture to make and market the KC-390 military transp
Government says aircraft manufacturers have promised to maintain current jobs in Brazil