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

Lighting the way to safer solutions

Keith Mwanalushi speaks to Alexander Herring from ADB Safegate about the airfield and gate management projects that are modernising and lighting up African airports.

All change!

It’s not often that an airline changes its entire fleet in one fell swoop, but EgyptAir Express plans to do precisely that as it seeks to overcome its operational challenges.

GE9X engine that will power Boeing’s 777X goes airborne

The GE9XTM engine lifted off on March 13 under wing of GE Aviation's 747 flying testbed in Victorville, California, for its first flight test.

SITAONAIR and DTN launches weather alerting to AIRCOM FlightTracker

An industry-leading weather-alerting feature, empowering flight dispatchers to avoid or anticipate weather disruption throughout flights, has been launched as a new feature of SITAONAIR’s AIRCOM FlightTracker, in partnership

Reunion Island scores a record year for tourism in 2017

Located in the Mascarene archipelago, in the south-west Indian Ocean, Reunion has confirmed it has received half a million visitors for the first time in its history.

South African Airways issues a statement regarding audit report

The board and management of South African Airways has issued a statement to say it is taking urgent steps to address issues raised by the Auditor-General’s office in its 2016-17 audit report, and remains optimistic about the airline’s

TAA SK0902311218
See us at
Aviation Africa BT18418Global Aerospace BT010518