The head of Embraer's commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a re-united company.
) last week, but said the Brazilian aerospace group was focusing on its future as a re-united company.
He declined to comment on an arbitration process Embraer launched after Boeing abruptly cancelled the deal on Saturday. The breakdown, first reported by Reuters, has captured the attention of an industry already facing its worst crisis over the drop in travel caused by the coronavirus pandemic, with 2,000 people tuning into the previously arranged webinar.
It also invested $30 million on a new headquarters for the remaining core of the Brazilian aerospace champion. Southeast Asia, one of the top markets for giants Boeing and Airbus, could see a move to such jets, he said.
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