PARIS, Dec 24 — As Boeing’s new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil’s Embraer - seen as key to its longer-term strategy. European Union regulators...
Tuesday, 24 Dec 2019 09:47 PM MYTPARIS, Dec 24 — As Boeing’s new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil’s Embraer - seen as key to its longer-term strategy.
Any delay or derailing of the transaction would be a further setback for Boeing, which today named David Calhoun as its new CEO amid a crisis over the grounding of its top-selling 737 MAX following two fatal crashes. Airbus had earlier bought the main competitor to Embraer’s 80-120-seat E2 jet family from Canada’s Bombardier and is racking up sales of the renamed A220 while its US rival’s takeover of Embraer makes slow progress.
US sources deny the deal would reduce the market from three to two players, saying the mainline and regional markets are separate, even though Airbus has a foot in both camps. Boeing is interested in Embraer’s lower-cost engineering, industrial footprint and technology such as landing gear. That means Embraer is likely to play a key role in developing the portfolio that eventually replaces jets including the MAX.
Without linking the Embraer case to the subsidy dispute, Airbus is anxious to ensure a level US playing field for the A220, which has already been targeted with separate US tariffs that were later overturned, one European trade source said.
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