Put an end to the planned alliance (joint venture) between the manufacturers Boeing and Embraer after meás from two toñnegotiations, the collaborationón not move forwardá más.
Boeing anunció today that you have terminated your Settlement Agreementón Teacher (MTA) con Embraer, by virtue of which the two companiesñíThey sought to establish a new level of associationón strataégica. The partiesíhave planned to create a joint venture that includes the aviation businessóEmbraer commercial venture and a second joint venture to develop new markets for the aircraftón C-390 Millennium.
About the end of the alliance between Boeing and Embraer there are already two versions that are the following:
What Boeing Says
Sayún la MTA, the 24 april 2020, It was the end dateóinitial n, subject to extensionón by either party if it is metíunder certain conditions. Boeing ejerció your rights of terminationón laterés that Embraer did not comply with the necessary conditions.
«Boeing has worked diligently for más from two toñto finalize your transactionón con Embraer. In the úlast months, we have had productive negotiations but in úUnsuccessful last appeal on unsatisfied MTA conditions. We all aim to resolve them before the end date.óinitial n, but it wasn't like thatí. don't happen «, said Marc Allen, presidente de Embraer Partnership & Group Operations. «It is deeply disappointing. But we have reached a point where the negotiationón continued within the framework of the MTA will not solve the outstanding problems».
La associationón planned between Boeing and Embraer habíhas received approvalóunconditional n from all necessary regulatory authorities, with the exceptionóNo. of the Commissionón European that I followedípending.
Boeing y Embraer mantendrán your existing Master Teaming Agreement, originally signed in 2012 and expanded in 2016, to jointly market and support the avión military C-390 Millennium.
What Embraer says
Embraer firmly believes that Boeing has mistakenly terminated the MTA and has made false claims as a pretext to try to avoid its commitments to close the transaction.ón and pay Embraer the purchase price of 4.200 millions of dóhomes. We believe that Boeing has engaged in a patrón systemádelay ethics and repeated violations of the MTA, due to their unwillingness to complete the transactionón in light of their own situationófinancial n, Boeing 737 MAX and other business and reputation issuesón.
- Embraer believes that it has fully complied with its obligations under the MTA and that it has met all required conditions up to the 24 april 2020.
- Embraer searchá all actions against Boeing for the dañincurred to Embraer as a result of the terminationón heíappointment in violationóMTA No..
Embraer is still a successful company today, efficient, diversified and vertically integrated, with a track record of serving customers with highly successful products and services based in a sóstrong base of industrial and engineering capabilitiesía. Embraer is a technology exporter and developería, with global presence and defense, executive and commercial business. With pride, our employees continueán providing our customers with the high-quality products and services that Embraer depends on every day.ías.
From my point of view, Boeing has had too many ups and downs these days, on the other hand Embraer has a clear path and more opportunities to move forward.
What's more, I think that Embraer has a stable trade and buyers at all times, while boeing produces planes like the 777X and can't even solve the 737MAX case.
The communication of the end of the BOEING/EMBRAER commercial relationship is very interesting..
For those of us who like the theme AVIATION, it is a great contribution that you do, Nicholas.
Thank you