Embraer is Brazil’s most visible and prestigious international company. The government has a “golden share,” giving it veto power over certain transactions, including the Boeing deal. Boeing will own 80% of the new JV that will be for EMB’s commercial business only. Embraer will own 20%.
The incumbent government says it will approve the joint venture; the opposition party says it will veto the deal.
Including orders, options and LOIs:
Production slots are oversold through 2023.
The skyline quality has some challenges.
Only three dozen firm orders were announced at Farnborough; the balance has to be firmed up.