UPDATE 2-Embraer-Boeing aviation deal blocked by Brazilian court - Reuters
December 6, 2018 - by Ricardo Brito for Reuters
BRASILIA, Dec 6 (Reuters) - A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA, according to a court document seen by Reuters.
The decision, which can be appealed, forbids Embraer's board of directors from signing the deal with Boeing. Boeing declined to comment and Embraer did not immediately reply to a request for comment.
The legal action was brought by four congressmen with Brazil's leftwing Workers Party, which is opposed to the deal.
Labor groups in Brazil often bring court challenges against significant business deals and it is possible this injunction will be reversed.