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According to WSJ, Embraer S.A. (ERJ) approached by The Boeing Company (BA)

  • December 22, 2017


StockEmbraer S.A.SymbolERJ
Date Announced12/21/2017Source The Wall Street Journal
TypeNews Report

Boeing Co. (BA) is in takeover talks with Brazilian aircraft maker Embraer SA (ERJ), a move to fortify the U.S. aerospace giant against recent efforts by its greatest rival to move into the market for smaller passenger jets.


January 03, 2018: Boeing Co. (BA) is seeking control of Embraer SA (ERJ) while offering the Brazilian government safeguards concerning the company’s defense unit, people familiar with the matter said.

January 05, 2018: Boeing Co. (BA)  is in talks with Embraer SA (ERJ)  and Brazil’s government on ways to address the government’s concerns about the U.S. planemaker’s potential takeover of its Brazilian rival, according to people familiar with the matter.

January 19, 2018: Boeing Co (BA) is working to overcome the Brazilian military’s objections to its proposed tie-up with Embraer SA (ERJ) with alternatives that would preserve the government’s strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.

January 31, 2018: An unexpected U.S. trade ruling last week has added to pressure on Boeing Co (BA) and Embraer SA (ERJ) to pull off a proposed tie-up but it will still require careful coaxing to get the Brazilian government on board.

February 02, 2018: Boeing Co (BA) has sought the Brazilian government’s approval of a partnership with planemaker Embraer SA (ERJ) that would create a new company focused on commercial aviation, a person familiar with the matter said on Friday.

February 06, 2018: Boeing Co  (BA) has presented a plan to Brazil’s government that would give it an 80 to 90 percent stake in a new venture encompassing Embraer SA’s (ERJ) commercial jet business, a Brazilian newspaper reported on Tuesday.

February 07, 2018: Embraer SA (ERJ) , Brazilian government authorities and Boeing Co. (BA) are still in talks for a potential combination of the Brazilian planemaker and Boeing, a senior official from Embraer said on Wednesday.

February 25, 2018: Boeing Co  (BA) will have a 51 percent stake in a joint company currently being negotiating with Brazilian aircraft maker Embraer (ERJ), O Globo newspaper columnist Lauro Jardim reported on Sunday.

April 10, 2018: Boeing Co.(BA) and Embraer SA (ERJ) are likely to reach a deal after months of talks, Brazil’s defense chief said, setting the stage for the second alliance between major planemakers in six months.

April 12, 2018: A new proposal for the tie-up between planemakers Boeing Co (BA) and Embraer SA (ERJ) that was submitted to Brazil’s government on Tuesday brings the deal closer, but there are still issues to be ironed out, four people with knowledge of the matter told Reuters.

July 05, 2018:  Embraer SA (ERJ) Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co (BA), newspaper Valor Economico reported on its website late on Wednesday.

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