OEMs count the cost of COVID-19

Over the weekend Boeing ended its merger agreement with Embraer, leading to the Brazilian airframe manufacturer vociferously denying Boeing’s claims that it failed to meet its obligations. Litigation is expected. Boeing must have anticipated ending the agreement would result in a lengthy court battle but faced with paying $4.2bn in the midst of a worldwide crisis, the risk must have been acceptable for the company. Boeing is reporting its first quarter results later today at its annual general meeting. The manufacturer will be applying for government support, however various sources suggest that if any support package involves relinquishing equity it