Farnborough: Boeing and Embraer Discuss Partnership
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July 16, 2018 by BENJAMIN BEARUP for Airways Mag
FARNBOROUGH — Boeing CEO Dennis Mullenburg and Embraer CEO Paulo Cesar discussed Boeing and Embraer's commercial aviation partnership at the opening day of the Farnborough Airshow 2018. At the Boeing chalet, both executives broadly discussed the reasoning for the multibillion-dollar partnership that will bring the Embraer E-Jet family into the Boeing product portfolio.
After months of discussions, it was announced on July 5th that Boeing and Embraer had finally struck a deal that saw Boeing take an 80% stake in Embraer's commercial airplane and services division for $4.75 billion.
"It's an exciting time for Boeing and Embraer. We have worked together for a long time. This proposed partnership is the natural evolution of a strategic partnership that's been going on for decades. It is one that we view through the eyes of what brings values to our customers," said Mullenburg at today's press conference.
Exciting time for #Boeing and @embraer as we work to expand our partnership. #BoeingFIA #FIA18 https://t.co/sUvF0WgOvF
— Dennis A. Muilenburg (@BoeingCEO) July 16, 2018
Mullenburg touted the...