Appeals Court Overturns Ruling Blocking Boeing-Embraer Deal | Aviation International News

Appeals Court Overturns Ruling Blocking Boeing-Embraer Deal

The ruling to grant an appeal by Brazil’s solicitor general came less than a week after the original ruling.

By Gregory Polek • Senior Editor

December 10, 2018

A Brazilian appeals court has overturned a December 5 ruling by a federal judge in São Paulo granting an injunction to block Embraer’s board of directors from approving the proposed deal to give Boeing an 80-percent stake in the Brazilian company. The latest ruling, revealed in a December 10 U.S. Securities and Exchange Commission filing by Embraer, grants a request to overturn the injunction by Brazil’s solicitor general, who argued that the original ruling violated Embraer’s right under the country’s constitution to engage in free enterprise, according to Reuters.

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