SÃO PAULO, Brazil --- Embraer's Board of Directors ratified today its prior approval regarding the strategic partnership with Boeing. Yesterday, the Government of Brazil authorized the transaction that would position both companies to accelerate growth in global aerospace markets.
The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.
Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.