EC Opens In-depth Probe of Boeing-Embraer Combination | Aviation International News

EC Opens In-depth Probe of Boeing-Embraer Combination

Boeing and Embraer now expect the acquisition to close in early 2020 rather than this year.

A SkyWest Airlines Embraer E175 and an American Airlines Boeing 787-9 cross paths at Los Angeles International Airport. (Photo: Flickr: Creative Commons (BY-SA) by TDelCoro)

By Cathy Buyck • Contributor - Europe

October 3, 2019

Boeing has revised the timeline to close its proposed $4.75 billion acquisition of 80 percent of Embraer’s commercial aircraft division after the European Union’s anti-trust regulator informed the companies it would open an in-depth investigation into the deal. In a joint statement released on Thursday, Boeing and Embraer said they now expect the transaction to close in early 2020 because the European Commission recently indicated it would open a second phase of an assessment in its review of the transaction.

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