SÃO PAULO, Oct. 3, 2019
/PRNewswire/ -- As previously announced, Embraer S.A. ("Company" or
"Embraer") and The Boeing Company ("Boeing") entered into certain
agreements on January 24, 2019 with
respect to a strategic partnership between the two companies
("Transaction"), and the shareholders of Embraer approved the
Transaction on February 26, 2019.
The Company hereby updates the market with respect to the
estimated completion of the Transaction.
The parties continue to work diligently and cooperatively to
consummate the Transaction as soon as possible. In this
regard, Embraer will implement the internal separation of the
Company's commercial aviation business starting at the end of this
fiscal year and currently expects that the Transaction will be
consummated early in 2020.
The parties have already obtained applicable antitrust clearance
from antitrust authorities in certain jurisdictions and the
consummation of the Transaction remains subject to (i) the approval
by antitrust authorities in certain other applicable jurisdictions;
and (ii) the satisfaction of other customary conditions in similar
transaction. Until such approvals are received and the other
conditions are satisfied, there can be no assurance as to the
consummation of the transaction or the timing thereof.
The Company will keep its shareholders and the market in general
informed of any new relevant information concerning the
transaction.
São José dos Campos, October 3,
2019.
Nelson Krahenbuhl Salgado
Executive Vice President of Finance and Investor Relations
Media Contacts:
Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002
Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891
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SOURCE Embraer S.A.