in Business & Finance

Boeing and Embraer in merger talks

Posted 21 December 2017 · Add Comment

Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal.

"There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions," said a joint statement. Any potential deal will be subject to the approval of the Brazilian government, regulators, both companies' boards and Embraer's shareholders.

According to Flightglobal, any partnership between Embraer and Boeing will allow them to combine forces against the CSeries, which has become the centre of separate trade disputes between Canada and the USA and Brazil respectively. The maker of the CSeries, Canada’s Bombardier had handed over a majority stake in the programme to European manufacturer Airbus. 

* required field

Post a comment

Other Stories
Latest News

Air BP expands its network with six new locations in Africa

Air BP has collaborated with Vivo Energy to grow its network in Africa, adding six new locations: Sir Seewoosagur Ramgoolam International Airport, Abidjan-Felix-Houphouet-Boigny International Airport, Nelson Mandela

Africa’s busiest passenger air routes revealed

The 10 busiest passenger air routes in Africa have been revealed in a new study conducted by Routes.

AfBAA to launch CGAS at EBACE

The African Business Aviation Association (AfBAA) will launch the AfBAA Commercial General Aviation Symposium (CGAS), at EBACE 2018 in Geneva, with the CGAS event to be held in Nairobi, Kenya, 21-23 November 2018, as the Association’s

Raising the flag

Air Algérie’s new boss, Bakhouche Alleche, tells Martin Rivers he is determined to set the troubled flag-carrier on a better path.

More than 41 million passengers pass through South Africa’s main airports

The Aviation Barometer has released passenger traffic through Airports Company South Africa’s network of nine airports.

Cooperation is the key to a safer future for everyone

Airspace, safety and security are key issues for the Middle East and North Africa. The United Nations body for civil aviation, ICAO, has its regional headquarters in Cairo, where Alan Peaford met regional vice president, Mohamed Rahma.

Routes African SK1505180718
See us at
AirCargoAFA_BT220318210219AAD2018 BTGroundHandling BT2205130918