After Betting Its Future On Boeing, Jetmaker Embraer Scrambles For Elusive Plan B
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SAO PAULO/PARIS (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co (BA.N) jettisoned a $4.2 billion (3.4 billion pounds) commercial aerospace tie-up amid the coronavirus crisis...
But Embraer now faces a historic crisis with its isolation reinforced by the breakup - two years after Europe's Airbus (AIR.PA) absorbed Embraer's main competitor, the Canadian-designed A220.
"For Embraer, it could be very damaging," said Teal Group consultant Richard Aboulafia, noting it was...
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