Embraer Spin-off Costs & Lost Sales of its E2 Against Airbus A220 Quebec-Designed Jet Acquired From Historic Rival, Bombardier
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PARIS/SAO PAULO (Reuters) - The head of Embraer's (EMBR3.SA) commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co (BA.N) last week, but said the Brazilian aerospace group was focusing on its future as a re-united company.
The arbitration is expected to involve fierce debate over Brazilian claims that a tie-up cost Embraer spin-off costs and lost sales for its E2 against the Airbus A220, a Canadian-designed jet acquired from Embraer's historic rival, Bombardier.
Commercial Aviation Chief Executive John Slattery said Embraer had incurred pain and costs in separating jetliners from defence and business-jet activities in preparation for the merger, including a loss of deliveries in January.
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He declined to comment on an arbitration process Embraer launched after Boeing abruptly cancelled the deal on Saturday.
Speaking in a webinar hosted by Aviation Week, Slattery said he was convinced...
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