3 ms·

(Embraer) which Boeing tried buying but the deal was reverted due to the failure of the 737-max..

• riffraff 3y ago
  Wait, what? How did that caused the deal to fall apart? (I was actually under the impression this acquisition had happened until a few minutes ago)
  • marcosdumay 3y ago
    I thought that too. From Wikipedia: > in April 2020 Boeing terminated the joint venture deal due to impact of the 2019–20 coronavirus pandemic on aviation and market uncertainty. Embraer alleges that the financial impact of the Boeing 737 MAX groundings contributed to the demise of the deal So, the deal was broken before both governments had time to decide if they allowed it. (I do remember some of Embraer clients canceling orders in 2020. AFAIK, they are still bottlenecked by their manufacturing capacity.)
    • stjohnswarts 3y ago
      Didn't it look like Brazilian government was almost 100% gonna have it called off because of the "hit" to national reputation? (losing one of their largest and most internationally famous powerhouses)
      • marcosdumay 3y ago
        It didn't look that way to me. But then, I'm not good at guessing this.