On Saturday April 25, Boeing confirmed that it had terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies had sought to establish a joint venture comprising Embraer’s commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium medium airlift and air mobility aircraft. The MTA had an initial termination date of April 24, 2020. Boing stated that it had “exercised its rights to terminate after Embraer did not satisfy the necessary conditions”. “Boeing has worked diligently over more than two years to finalize its transaction with Embraer. Over the past

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