Aircraft
Embraer Fires Back after Boeing Nixes Merger Deal
Embraer and Boeing face a legal battle over the U.S. company’s decision to terminate its takeover of the Brazilian manufacturer's airliner business.
An Embraer E190-E2 in the company's "Profit Hunter" livery takes off for a demonstration flight at the 2018 Farnborough Airshow. (Photo: Flickr: Creative Commons (BY) by lynothehammer1978)
An Embraer E190-E2 in the company's "Profit Hunter" livery takes off for a demonstration flight at the 2018 Farnborough Airshow. (Photo: Flickr: Creative Commons (BY) by lynothehammer1978)

Embraer on Saturday issued a firm rebuttal of Boeing’s assertion that it exited its deal to take 80 percent of the Brazilian company’s commercial aircraft business due to “unsatisfied” conditions of the master transaction agreement (MTA). In a statement issued just hours after Boeing announced it had “terminated” the MTA, Embraer said it “believes strongly” that Boeing wrongfully impeded the fulfillment of the contract and manufactured false claims as a pretext to avoid closing the transaction and pay the Brazilian manufacturer the $4.2 billion purchase price.