Boeing Backs Out of $4.2 Billion Embraer Deal

Name: Boeing Backs Out of $4.2 Billion Embraer Deal
Uploaded: 2020-04-27T17:34:12+00:00
Duration: P18S
Description: Boeing announced that it is backing out of its $4.2 billion deal that would have allowed the troubled aerospace company to purchase 80 percent of Embraer's

Video Credit: Cheddar Inc. - Duration: 00:18s - Published on April 27, 2020

Boeing Backs Out of $4.2 Billion Embraer Deal

Boeing announced that it is backing out of its $4.2 billion deal that would have allowed the troubled aerospace company to purchase 80 percent of Embraer's commercial aviation business.

The Brazilian company said Boeing wrongfully terminated the deal due to financial issues and the problems surrounding the 737 Max jet.

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Boeing Backs Out of $4.2 Billion Embraer Deal

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