Embraer resolves to overturn court ruling on Boeing deal

Lauren Eldershaw
By Lauren Eldershaw December 10, 2018 11:21

Embraer resolves to overturn court ruling on Boeing deal

Embraer has released a statement in connection with the December 6 decision by the judge of the 24th Federal Civil Court of São Paulo that partially granted a provisional measure to suspend the effects of an eventual decision of the Board of Directors of Embraer approving the segregation and transfer of the commercial aviation business to the new company in the context of the joint venture with Boeing, “without imposing any kind of obstacles to the continuance of the negotiations between both companies”.

Embraer says it will take the “applicable judicial measures to reverse such decision and will keep its shareholders and the market informed on any material developments”.

Lauren Eldershaw
By Lauren Eldershaw December 10, 2018 11:21