Boeing and Embraer Advocate Commercial Jet Partnership, Confidence in Regulatory Approval

Boeing and Embraer Advocate Commercial Jet Partnership, Confidence in Regulatory Approval

FARNBOROUGH, England (Reuters) - Leading Boeing and Embraer executives on Monday defended a commercial aviation partnership between the two companies and dis ...

FARNBOROUGH, England (Reuters) - Top Boeing and Embraer executives on Monday defended the airline's commercial aviation partnership and said they were confident of regulatory approval of the deal."I cannot predict that anyone will be against this project given the benefits it will bring to Brazil," Embraer CEO Paulo Cesar de Souza e Silva told a news conference at the Farnborough Air Show."Who can be against more jobs, more exports, more technology, more access to capital?"The two companies announced this month that they have reached an agreement under which Boeing will take control of Embraer's commercial aircraft division in a new $ 4.75 billion joint venture that will reshape a global passenger jet duopoly.[nL1N1U10VV]The new company, encompassing Embraer's commercial aircraft business, puts Boeing at the lower end of the market, boosting competition with Canadian-designed Bombardier Inc-designed CSeries jets backed by European Airbus SE, Boeing's rival.Boe...


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