Aircraft
EC Decision on Embraer-Boeing Deal Extends to at Least June
Embraer's CEO insists that the deal with Boeing to buy 80 percent of the Brazilian company’s commercial business remains a top priority.
Embraer CEO Francisco Gomes Neto addresses attendees at a ceremony commemorating a visit by Brazilian president Jair Bolsonaro's March 10 visit to the company's facilities in Jacksonville, Florida. (Flickr: Creative Commons (BY) by Palácio do Planalto)
Embraer CEO Francisco Gomes Neto addresses attendees at a ceremony commemorating a visit by Brazilian president Jair Bolsonaro's March 10 visit to the company's facilities in Jacksonville, Florida. (Flickr: Creative Commons (BY) by Palácio do Planalto)

Embraer expects a further delay in the approval by the European Commission of the sale of 80 percent of its commercial aircraft business to Boeing until at least June 23, company executives reported during a full-year 2019 earnings call with securities analysts on Thursday. Noting that Embraer completed the so-called carve-out of its commercial business in January, Embraer CEO Francisco Gomes Neto insisted that the deal remains a top priority for the company despite the effects of the Covid-19 crisis.