{"id":2259,"date":"2018-04-20T08:10:50","date_gmt":"2018-04-20T13:10:50","guid":{"rendered":"http:\/\/planesintheair.com\/?p=2259"},"modified":"2018-04-20T08:10:50","modified_gmt":"2018-04-20T13:10:50","slug":"boeing-brazils-embraer-close-to-tie-up","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=2259","title":{"rendered":"Boeing, Brazil&#8217;s Embraer close to tie-up"},"content":{"rendered":"<figure class=\"canvas-image Mx(a) canvas-atom Mt(0) Mt(20px)--sm Mb(24px) Mb(22px)--sm\" data-type=\"image\" data-reactid=\"10\">\n<div class=\"Maw(100%) Pos(r) H(0)\" data-reactid=\"13\"><img decoding=\"async\" class=\" StretchedBox W(100%) H(100%) ie-7_H(a)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/HXHY5mW4sIqHc4CkzJTr5w--\/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l\/http:\/\/globalfinance.zenfs.com\/images\/US_AHTTP_REUTERS_OLUSBUS_WRAPPER_H_LIVE_NEW\/2018-04-20T121044Z_1_LYNXMPEE3J13S_RTROPTP_3_EMBRAER-M-A-BOEING_original.jpg\" alt=\"FILE PHOTO: The logo of Brazilian planemaker Embraer SA at the company's headquarters in Sao Jose dos Campos\" data-reactid=\"14\" \/><\/div>\n<div class=\"Ov(h) Pos(r) Ff(ss) Mah(80px)\" data-reactid=\"16\">\n<div class=\"Ov(h) Pos(r) Ff(ss) Mah(80px)\" data-reactid=\"16\"><\/div>\n<\/div><figcaption class=\"C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)\" title=\"FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil, February 28, 2018. REUTERS\/Roosevelt Cassio\/File Photo\" data-reactid=\"17\">\n<div class=\"figure-caption\" data-reactid=\"18\">FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company&#8217;s headquarters in Sao Jose dos Campos, Brazil, February 28, 2018. REUTERS\/Roosevelt Cassio\/File Photo<\/div>\n<\/figcaption><div class=\"Ov(h) Pos(r) Ff(ss) Mah(80px)\" data-reactid=\"16\"><button class=\"C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)\" data-reactid=\"19\"><span data-reactid=\"20\">More<\/span><\/button><\/div>\n<\/figure>\n<div class=\"canvas-body Wow(bw) Cl(start) Mb(20px) Fz(15px) Lh(1.6) C($c-fuji-grey-l) Ff($ff-secondary) D(i)\" data-reactid=\"21\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"22\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">SAO PAULO (Reuters) &#8211; Talks aimed at a tie-up between planemakers Boeing Co (BA.N) and Embraer SA (EMBR3.SA) that also involve Brazil&#8217;s government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"23\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">The Boeing and Embraer partnership would create a new company in which the U.S. planemaker would have an 80.01 percent stake and the Brazilian firm 19.99 percent, the paper said, adding this was a model supported by the Brazilian government.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"24\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">Boeing, Embraer and Brazil&#8217;s Defense Ministry did not have an immediate comment on the report.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"25\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">The two jet manufacturers said in December they were discussing &#8220;a potential combination,&#8221; but the Brazilian government, which holds veto power over strategic moves at Embraer, needs to approve the deal.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"26\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">The paper said one of the points still under discussion was the appointment of a government representative to the board of the new company. Boeing is against this, O Estado said, but the Brazilian government is strongly in support of the move.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"27\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">The joint venture will only include Embraer&#8217;s commercial jet operation, and exclude its defense and executive jet businesses, O Estado said. Boeing&#8217;s initial expectation was to include all three Embraer business units in the tie-up, the paper said.<\/span><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"29\"><span style=\"font-family: Tahoma, Arial, Helvetica, sans-serif;\">(Reporting by Ana Mano; Editing by Bernadette Baum)<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company&#8217;s headquarters in Sao Jose dos Campos, Brazil, February 28, 2018. REUTERS\/Roosevelt Cassio\/File Photo More SAO PAULO (Reuters) &#8211; Talks aimed at a tie-up between planemakers Boeing Co (BA.N) and Embraer SA (EMBR3.SA) that also involve Brazil&#8217;s government are at an advanced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,89,799,868],"tags":[41,184,168,166],"class_list":["post-2259","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-aviation-news","category-boeing-news","category-transportation-news","tag-boeing","tag-brazil","tag-embraer","tag-merger"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2259"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2259\/revisions"}],"predecessor-version":[{"id":2260,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/2259\/revisions\/2260"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}