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Embraer CEO says collapse of Boeing deal ultimately benefited Brazilian manufacturer

Embraer Chief Executive Francisco Gomes Neto says the failed agreement to transfer control of the company’s commercial aviation business to Boeing ultimately had a positive outcome for the Brazilian manufacturer. His assessment recasts a major cross-border transaction that did not proceed as beneficial for Embraer.

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Brazil clears American Airlines’ $100 million investment for 8.66% stake in Azul

Brazil’s CADE has approved American Airlines’ $100 million investment in Azul, giving the U.S. carrier a minority stake of about 8.66%. United Airlines is already a shareholder; Azul’s president has said both U.S. carriers would be among its largest individual owners as the Brazilian airline exits Chapter 11.

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