THE UNCERTAINTIES OF EMBRAER
Since it was made public, in July last year, the agreement between Boeing and Embraer for the creation of a joint venture for the manufacturing and marketing of commercial aircrafts for regional flights underwent several atypical situations in and up to now dedicated commercial transaction. Entitled to share value increase, subsequent drop, government menaces to make use of its golden share - a kind of special share with power of veto – to stop the negotiation, interference of the judiciary preventing business completion, suspension of judiciary interference, readjustment of the value paid by Boeing, the emergence of a new joint venture, this time related to the defense division and insurrection of minority shareholders against the business, the embarrassing situation is now surrounded by uncertainties about the future of the new company that is being born. In search of replies, AERO Magazine talked with specialists connected with the aerospace sector in an attempt of better lighting this scenario, which today is fairly cloudy. Embraer decided not to make official pronouncements, but we heard people from inside that preferred to remain anonymous.
UNPRECEDENTED SITUATION
The main issue around the purchase of Embraer’s regional aviation unit is regarding the future of the Brazilian company, South Americas’ largest manufacturing company. After all, will the business be supported by the creation of joint ventures with Boeing?
The separation of commercial aircraft programs from the rest of Embraer, (accounting for
