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Embraer, Boeing Square Off After $4.2 Billion Deal Crashes And Burns

Video Credit: Wochit News - Duration: 00:40s - Published
Embraer, Boeing Square Off After $4.2 Billion Deal Crashes And Burns

Embraer, Boeing Square Off After $4.2 Billion Deal Crashes And Burns

Boeing has pulled out of a $4.2 billion deal to buy Embraer’s commercial jets division.

The move sparked a furious response from its jilted partner, and also left plans for a U.S.-Brazil alliance in ashes.

The deal fell apart hours after a midnight deadline expired with no agreement on how to implement a deal first aired in 2018.

Boeing accuses Embraer of failing to meet conditions for closing the transaction.

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