February 7, 2018 / 6:12 AM / 3 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.

An Embraer E-190 E2 aircraft featuring a spray painted tiger face on the nose of the aircraft is displayed during a media preview of the Singapore Airshow February 4, 2018. REUTERS/Edgar Su

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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