Brazilian court delays Boeing deal
A Brazilian federal court has at least temporarily blocked a $4.75 billion joint venture between Boeing and Embraer until the incoming government takes office.
The two aerospace companies announced their intentions in July to create a merger to run Embraer’s commercial aviation business. The deal would result in Boeing holding 80 percent of the resulting company and Embraer the remaining 20 percent.
Boeing declined to comment. Embraer sent a statement to The Associated Press saying it will appeal.