Boeing Bid for Embraer Unit Faces EU Antitrust Probe
Gives Boeing a foothold in the lower end of the market, enabling it to better compete with the CSeries / A220
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
September 23, 2019 - by Foo Yun Chee for reuters.com
BRUSSELS (Reuters) - Boeing is set to face a EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil's Embraer, people familiar with the matter said on Monday.
The deal, marking the biggest shift in commercial aerospace in decades, would reshape a global passenger jet duopoly and reinforce Western planemakers against newcomers from China, Russia and Japan.
It would give Boeing a foothold in the lower end of the market, enabling it to better compete with the CSeries jets designed by Canada's Bombardier Inc and backed by European rival Airbus SE.
The deal values the Embraer unit at $4.75 billion.
- “if Airbus chooses to produce a stretched CSeries jet — a potential ... ›
- UPDATE Boeing B777x Cargo Door Explosion Details - FliegerFaust ›
- Boeing 737 MAX 8 - Trying To Do New With Old... - The Makeshift ... ›