The deal gives Boeing a big stake in Embraer’s market for smaller regional jets.
Boeing will own 80%, Embraer 20%; the $4.75 billion deal, expected to close toward the end of 2019.
Embraer claims aviation business hurt by Bombardier receiving more than $3.7 billion in subsidies.
Airbus’s has majority control of the Bombardier C Series program; Boeing is in talks to join forces with Brazil’s Embraer.
Noted the Department of Commerce’s earlier ruling affirming Bombardier’s dumping behaviour still stands.
Boeing’s efforts to acquire Brazil’s Embraer suggests it takes the 100- to 150-seat market seriously.
The agency will determine if the introduction of the C Series into the US harms Boeing.
Agency will determine if the introduction of the C Series into the U.S. harms Boeing.
Settlement panel comes after consultations with Canada failed to resolve Brazil’s complaint that the subsidies are inconsistent with WTO obligations.
Deals include Boeing 737Max simulators to Air Canada.
Company is also anticipating business from Embraer, Dassault, Airbus and Sikorsky helicopters, and the F-35 fighter jet program.
Initial workforce of 90 is expected to expand to about 100 by year-end.
Cites strides in new markets such as Africa, Indonesia and Russia
Bombardier overshadowed at key Paris Air Show by its competitors.
First sales of the fiscal year welcome a new customer in Azerbaijan.