Embraer-Boeing deal advances at regulators’ pace: Slattery

Embraer and Boeing continue to progress toward closing proposed joint ventures, with a top executive describing the regulatory approval process as time-consuming but on track. “All teams are fully focused on securing regulatory approval from the antitrust authorities around the world,” Embraer’s president of commercial aircraft John Slattery said. “We have to respect the authorities…and the timeline that they dictate for us.” The companies have said that by year-end they expect to close deals under which Boeing will acquire 80% of Embraer’s commercial aircraft division and 49% of Embraer’s KC-390 heavy-lift military aircraft programme. Once closed, Slattery will be appointed CE of the joint Embraer-Boeing commercial aircraft business, the companies have said. <br/>