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Boeing terminates joint venture agreement with Brazil’s Embraer
PUBLISHED SAT, APR 25 20209:07 AM EDTUPDATED MOMENTS AGO
Leslie Josephs
@LESLIEJOSEPHS
GI: 2019 Paris Air Show in Le Bourget 1
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.

“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.”


This is breaking news. Please check back for updates.

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