SINGAPORE (Reuters) - Embraer SA, Brazilian government authorities and Boeing Co. are still in talks for a potential combination of the Brazilian planemaker and Boeing, a senior official from Embraer said on Wednesday.
Speaking at the Singapore Airshow, John Slattery, the CEO of Embraer’s commercial aviation business, told a news conference that Embraer had not yet received a proposal from Boeing. “The only reason for that is the parties continue to work on identifying structures that might work,” he said.
A Brazilian newspaper reported on Tuesday that Boeing had presented a plan to Brazil’s government that would give it a stake of up to 90 percent in a new venture encompassing Embraer’s commercial jet business.
Reporting by Anshuman Daga and Jamie FreedEditing by Muralikumar Anantharaman