Sep 16, 2024 SOURCE: AFP
Boeing to pay Embraer $150 mn after aborted merger
Boeing will pay Embraer $150 million in compensation for backing out of plans to buy its civilian aircraft business in 2020, the Brazilian aircraft manufacturer said Monday.
After lengthy negotiations, Boeing abandoned plans to buy 80 percent of Embraer's civilian activities for $4.2 billion in the midst of the Covid-19...
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