Brazil court suspends Boeing-Embraer tie-up

Brazil court suspends Boeing-Embraer tie-up

A Brazilian federal court on Thursday suspended a proposed $4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office. The Sao Paulo court said it was it was taking action to avoid “possible concrete acts” being taken on the aviation deal before the new administration comes in under Bolsonaro, who takes over on January 1. The court added it was suspending “any concrete effect” of the Embraer board’s decision over transferring commercial operations to Boeing.

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