Very recently, the Brazilian government has given the go-ahead to the proposed Boeing and Embraer tie up. The approval holds the terms that Boeing will acquire 80% of Embraer’s commercial aircraft division for 4.2 billion dollards, while Embraer holds the remaining 20%.
There was a slight change in the terms by the Brazilian Government to allow current jobs to be maintained in Brasil.
The deal still must now be voted on by Embraer’s private shareholders within the next 30 days, but winning the backing of Brazil’s government was its biggest hurdle.
However, this approval comes after one court blocking of the proposed deal.
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