lørdag 21. september 2024

Dyr sak for Boeing - Må betale Embraer stor sum - AIN

 



Boeing Pays Embraer $150M To Settle Buyout Dispute

Boeing has agreed to pay Embraer $150 million to settle a long-running dispute over the circumstances in which the U.S. aerospace group backed out of a $4.2 billion deal to buy an 80% stake in the Brazilian airframer’s commercial airliner business. In a Securities and Exchange Commission filing late on Monday, Embraer confirmed the resolution of an arbitration process it initiated on April 27, 2020.

Embraer and Boeing announced the planned master transaction agreement in July 2018. In October 2019, the European Commission launched an anti-trust investigation into the takeover, prompting a delay that spilled over into the start of the Covid pandemic in 2020.

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