On October of last year, the probe by European Union antitrust regulators into Boeing’s acquisition of the commercial aircraft arm of Brazilian Plane manufacturer Embraer came to a halt as it waited for the provision of additional documentation that had been requested. This so-called “stop the clock” intervention ended on April 7 this year after what is understood to be the provision of millions of documents.
EU antitrust regulators, according to the latest filing, have resumed their investigation into Boeing’s acquisition of the commercial aircraft arm of Brazilian planemaker Embraer, with a decision due by August 7. The principal concern with regard to the US$4.8 billion deal is that Embraer is currently the third-largest planemaker in a highly competitive commercial aircraft industry, especially in the single-aisle segment.
Embraer specializes in 70- to 120-seat jets and is in direct competition with the Airbus A220 program which was recently acquired from the Canadian plane and train manufacturer, Bombardier, but it’s acquisition by Boeing would subsequently see the market lose a competitor.Email Post to a Friend