Boeing, Embraer merger talks in advanced stages

By Pouyan Broukhim

According to Brazilian media outlet Valor Economico, citing Embraer CEO Paulo Souza e Silva, the Latin America aerospace firm is in the final stages of talks with Boeing over a potential merger deal.

The news is the latest update in negotiations that have been ongoing between the two companies for months that would see Embraer’s operations integrated into Boeing portfolio, providing the US aerospace giant with a greater footprint in South America.

See also:

Reports have suggested that Embraer could retain both its defense division and corporate jet unit within the transaction, with Boeing largely focused on acquiring Embraer’s commercial aviation operations.

Further, a different local news agency, Folha de S.Paulo, speculated that Boeing would have an 80% stake in the new company, with Embraer retaining 20%.

Despite this, no details have been disclosed, with Souza e Silva having stated at a Valor Economico event that the negotiations still remain complex. However, the comments from the Embraer CEO suggest that a deal is highly likely to go ahead, with an agreement expected to be announced in the coming weeks.

In the wake of the reports, Embraer’s shares rose as much as 7.8% on the Sao Paulo stock exchange.


Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI