Embraer in holding pattern awaiting JV approvals
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June 10, 2019 - by Scott Hamilton for leehamnews.com
Embraer and Boeing are about halfway through what is expected to be nearly a year long process to gain global anti-trust approval from regulators for the JV.
"The timetables are dictated by the various regulators in the different jurisdictions," said Jon Slattery, CEO of Embraer Commercial Aircraft, during a pre-Paris Air Show media briefing at EMB's headquarters in Sao Jose dos Campos. (Slattery, however, was calling in from Asia in advance of the IATA AGM meeting in Seoul.)
"Engagement has been very positive," he said.
Carving out Embraer"
In addition to that, and parallel to that, we have what we refer to as the carve out," he said. "The new company will have a significant number of the employees we have today. We are going through that process of carving out not only the people but also the infrastructure."...