• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Airways

Boeing reportedly proposes up to 90 percent stake in new Embraer venture

12th February 2018
in Airways, Featured, Press Statements
0
SHARES
31
VIEWS
Share on FacebookShare on Twitter

Boeing has presented a plan to Brazil’s government that would give it an 80 to 90 percent stake in a new venture encompassing Embraer’s commercial jet business, a Brazilian newspaper reported on Tuesday.

The plan Boeing presented to the government on Thursday would let it take over Embraer’s commercial operations by creating a new company, with defense operations remaining under the Brazilian plane maker’s control in order to meet government demands, Valor Economico reported, without citing a source.

Reuters previously reported on Friday that Boeing was seeking approval in Brasilia for a plan creating a new joint company that excluded defense operations.

President Michel Temer’s chief spokesman, Marcio de Freitas, said that only the Defense Ministry could evaluate Boeing’s tie-up plans with Embraer. The Defense Ministry declined comment on the Valor report of a new Boeing proposal.

Boeing and Embraer did not immediately respond to requests for comment. Valor reported that under the proposal Boeing would pay Embraer in cash when the commercial assets are transferred to the new company, with most of the proceeds then distributed to shareholders as dividends.

Common shares of Embraer rose on the reported details of the proposed venture with Boeing and closed 5.2 percent higher at 22 reais on the Sao Paulo stock market.

Boeing’s tie-up with Embraer, the world’s third-largest planemaker, would give it a leading share of the 70- to 130-seat market, meaning stiffer competition for Bombardier and Airbus’ joint CSeries program.

Embraer would retain the defense business that generates almost nothing in earnings before interest, taxes, depreciation and amortization. Shareholders would also have 10 to 20 percent of the commercial activities transferred to the new company and be entitled to dividends.

The deal would maintain the government’s so-called golden share in Embraer, a former state enterprise, giving it veto power over certain strategic decisions, including Boeing’s current push for a tie-up.

The plan  if supported by the government and Embraer — could be presented to shareholders for approval as soon as the second quarter, the newspaper said.

Further meetings between Boeing and the government will not occur until after the Carnival holiday, which ends next week, it reported.

Previous Post

Franco-Italian aircraft manufacturer ATR is looking for success in China

Next Post

Air Transport World Names ANA 2018 Airline of the Year To be honored on March 27 at The Mansion House in Dublin, Ireland

Related Posts

Airways

Middle Eastern Airlines Witness A Significant Drop In Demand

3rd June 2023
Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo
Airways

Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo

2nd June 2023
WFS to boost logistics infrastructure at BLR as perishables trade grows
Airways

WFS to boost logistics infrastructure at BLR as perishables trade grows

2nd June 2023
Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle
Airways

Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle

25th May 2023
Airways

DHL Global Forwarding Opens $1.5m Pharmaceutical Facility

18th May 2023
Qatar Airways Cargo Transpacific Freighter Route
Airways

Qatar Airways Cargo relaunches Next Generation Pharma

29th April 2023
Next Post

Air Transport World Names ANA 2018 Airline of the Year To be honored on March 27 at The Mansion House in Dublin, Ireland

Latest Post

Airways

Middle Eastern Airlines Witness A Significant Drop In Demand

3rd June 2023
Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo
Airways

Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo

2nd June 2023
WFS to boost logistics infrastructure at BLR as perishables trade grows
Airways

WFS to boost logistics infrastructure at BLR as perishables trade grows

2nd June 2023
Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle
Airways

Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle

25th May 2023
Airways

DHL Global Forwarding Opens $1.5m Pharmaceutical Facility

18th May 2023
Qatar Airways Cargo Transpacific Freighter Route
Airways

Qatar Airways Cargo relaunches Next Generation Pharma

29th April 2023
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.