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No offer yet from Boeing on tie-up: Embraer

EMBRAER is still in talks with the world's biggest plane maker Boeing on a proposed tie-up, the Brazilian plane maker said at the Singapore Airshow on Wednesday.

This follows media reports that Boeing was looking to acquire up to 90 per cent of a new venture that would include Embraer's commercial aircraft arm. However, the Brazilian government has a so-called golden share in Embraer and has to be onboard with any deal in order for it to go through.

"At this stage, Embraer has not received a proposal and the only reason for that is that the parties continue to work on identifying structures that might work," said Embraer's chief executive (commercial aviation) John Slattery, adding that if a proposal is received, it will be reviewed and subject to the relevant authorities and Embraer's shareholders.

Meanwhile, the Brazilian plane manufacturer also said on Wednesday that it is striving to boost the number of E-Jet operators in this region to 20 by 2020, up from 14 today. In this respect, it is targeting larger carriers as well as big low-cost carriers.

sentifi.com

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