Embraer Expects Brazil To Approve Boeing JV by Year-end | Aviation International News

Embraer Expects Brazil To Approve Boeing JV by Year-end

CEO Silva sees deal closing by the second half of 2019

By Gregory Polek • Senior Editor

October 30, 2018

Embraer expects to receive approval from the Brazilian government to move forward with its proposed joint venture with Boeing in December, following consultation between the current government of Michel Temer with the incoming administration of far-right president-elect Jair Bolsonaro. Speaking during the company’s third-quarter earnings call with investment analysts on Tuesday, Embraer CEO Paulo Cesar de Souza e Silva said he expects to present the final agreement to the outgoing administration before it leaves office. “We are still in the final stages with Boeing to finalize the last details,” said Silva. “As soon as we materialize this final agreement, we’ll bring the deal to be approved by the government of the current administration.”

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