February 7, 2018 / 6:13 AM / 6 months ago

Embraer says still in talks with Boeing, Brazil government on tie-up structure

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.

Embraer's commercial aviation chief John Slattery talks to Reuters during the International Air Transport Association (IATA) meeting in Cancun, Mexico June 5, 2017. REUTERS/Victor Ruiz Garcia/Files

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

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