Brazilian Court Ruling Threatens Embraer-Boeing Deal | Aviation International News

Brazilian Court Ruling Threatens Embraer-Boeing Deal

Ruling to block board approval stands subject to appeal but it threatens to at least delay the transaction.

An Embraer 190 sits parked outside the company's factory in Sao Jose dos Campos, Brazil. (Photo: Embraer)

By Gregory Polek • Senior Editor

December 6, 2018

A federal court judge in São Paulo on Wednesday granted a preliminary injunction requested by lawmakers from Brazil’s leftist Workers Party to block Embraer’s board of directors from approving the proposed deal to give Boeing an 80-percent stake in the Brazilian company. The ruling stands subject to appeal and does not prevent Boeing and Embraer from continuing their discussions, but it at least raises the prospect of a delay to the deal’s closure.

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