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Boeing abandons $4.2 billion Embraer jetliner tie-up

Reuters Saturday, 25 April 2020
Boeing Co on Saturday pulled out of a $4.2 billion deal to buy the commercial jets division of Brazil's Embraer , unraveling years of work on a transformative move driven by expanding competition with Europe's Airbus .
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News video: Boeing Backs Out of $4.2 Billion Embraer Deal

Boeing Backs Out of $4.2 Billion Embraer Deal 00:18

Boeing announced that it is backing out of its $4.2 billion deal that would have allowed the troubled aerospace company to purchase 80 percent of Embraer's commercial aviation business. The Brazilian company said Boeing wrongfully terminated the deal due to financial issues and the problems...

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