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Embraer takes Boeing to arbitration over failed deal as Brazil eyes China tie-up

Updated : April 28, 2020 07:52 AM IST

Embraer maintains a close relationship with the Brazilian government, which kept veto power over strategic decisions at the company following its privatization.
The deal's sudden collapse was triggered by a midnight deadline that Boeing refused to extend on Saturday, and drew an irate response from Embraer.
Brazil's Vice President Hamilton Mourao, a retired army general, called the turn of events a "blessing in disguise."
Embraer takes Boeing to arbitration over failed deal as Brazil eyes China tie-up

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