Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach
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February 14, 2020 - by Tim Hepher for reuters.com
SINGAPORE (Reuters) - Some of the world's biggest aircraft buyers are urging the European Union to clear Boeing's tie-up with Embraer, fearing Embraer's commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets.
Their $4.2 billion deal would in part see Embraer (EMBR3.SA) cede 80% of its commercial arm to Boeing.
Competing just below them in the market for 100-150-seat regional jets are the upgraded Embraer E2 family and all-new Bombardier CSeries, renamed A220 under Airbus.
It has been slowed by an EU competition probe expected to last until the end of April...
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