{"id":3184,"date":"2018-12-10T11:12:00","date_gmt":"2018-12-10T17:12:00","guid":{"rendered":"http:\/\/planesintheair.com\/?p=3184"},"modified":"2018-12-10T11:13:09","modified_gmt":"2018-12-10T17:13:09","slug":"brazil-court-overturns-boeing-embraer-injunction","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=3184","title":{"rendered":"Brazil Court Overturns Boeing-Embraer Injunction"},"content":{"rendered":"\n<p>BRASILIA, Dec 10 (Reuters) &#8211; A Brazilian federal court has overturned an injunction that blocked a proposed tie-up between planemakers Embraer and Boeing, Embraer said on Monday in a securities filing.<\/p>\n\n\n\n<p>Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Boeing for $3.8 billion. Embraer has said the deal is crucial for its survival. The injunction brought by four congressmen from Brazil&#8217;s left-wing Workers Party had been granted on Thursday.<\/p>\n\n\n\n<p>Brazil&#8217;s solicitor general&#8217;s office confirmed the injunction that halted Embraer&#8217;s negotiations with Boeing had been thrown out.<\/p>\n\n\n\n<p>The government&#8217;s top lawyer had asked the court to overturn the injunction, arguing that it violated the constitutional right to freedom of enterprise by interfering in the negotiations between two private companies.<\/p>\n\n\n\n<p>Trading of Embraer ADRs on the New York Stock Exchange was halted pending news. (Reporting by Anthony Boadle Editing by Phil Berlowitz and Bill Berkrot)<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/12\/BA-ERJ.jpg\" alt=\"\" class=\"wp-image-3185\" width=\"615\" height=\"346\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/12\/BA-ERJ.jpg 660w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/12\/BA-ERJ-300x169.jpg 300w\" sizes=\"auto, (max-width: 615px) 100vw, 615px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>BRASILIA, Dec 10 (Reuters) &#8211; A Brazilian federal court has overturned an injunction that blocked a proposed tie-up between planemakers Embraer and Boeing, Embraer said on Monday in a securities filing. Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Boeing for $3.8 billion. Embraer has said the deal is crucial for its survival.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89,799,1397,868,1103],"tags":[645,41,691,184,168,1243,2674,2682,412,2683,1288,2684,1549],"class_list":["post-3184","post","type-post","status-publish","format-standard","hentry","category-aviation-news","category-boeing-news","category-stock-news","category-transportation-news","category-travel-news","tag-ba","tag-boeing","tag-brasilia","tag-brazil","tag-embraer","tag-erj","tag-injunction","tag-left","tag-news","tag-planemakers","tag-reuters","tag-wing","tag-workers"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3184","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=3184"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3184\/revisions"}],"predecessor-version":[{"id":3187,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3184\/revisions\/3187"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}