Wall Street Journal reported that Boeing is in discussions to take over Embraer, the Brazilian airframer. The deal would boost Boeing’s presence in the regional jet market.
For the moment, they confirm only that they are talking but there is no guarantee a transaction will result from these discussions.
An Embraer-Boeing deal will allow them to combine forces after Airbus announced plans to acquire a majority stake in the Bombardier CSeries programme. The Series is already at the center of trade disputes involving both the USA and Brazil with Canada.
Embraer was founded in 1969 by initiative of the Brazilian gouvernement, a military regime at the time. The company was later privatised and its stocks are now traded in São Paulo and New York
Stock Exchanges. In 2000, Embraer began exploring the executive aviation market, introducing the Legacy, built on the same platform of Embraer’s ERJ 135 regional jet.
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