Brazil Approves Airbus CSeries Acquisition from Bombardier - AirInsight
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March 22, 2018 - AirInsight
The acquisition of the C Series program by Airbus is a transaction that is subject to regulatory approvals around the world, given the global nature of the aviation industry. Brazil, home country to Bombardier's major competitor, Embraer, has now approved the transaction.
It's CADE, Conselho Administrativo de Defesa Econômica, Brazil's antitrust authority, has approved the transaction. For those of you who read Portuguese, a link of their report follows: Public version – CADE's clearance decision.
With Embraer and Boeing also in potential merger discussions, similar competitive issues face the Brazilian company, and we also expect any Boeing-Embraer arrangements would also be cleared.
Approvals in Canada, the EU and US are expected to be perfunctory, and it now appears that the Airbus C Series transaction will close earlier than previously anticipated, likely in advance of the Farnborough Air Show in July.
The question now becomes whether...