Boeing and Embraer sitting in a tree.....
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Boeing and Embraer sitting in a tree.....
Boeing And Embraer Confirm Discussions On Potential Combination
Thursday, December 21, 2017
Boeing and Embraer Confirm Discussions on Potential Combination
14:45 EST Thursday, December 21, 2017
CHICAGO and SAO PAULO, Dec. 21, 2017 /CNW/ -- The Boeing Company (NYSE: BA) and Embraer (BM&FBOVESPA: EMBR3, NYSE: ERJ) today confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.
There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions.
Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies' boards and Embraer's shareholders.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "expected," "scheduled," "estimates," "intends," "anticipates" or "believes," or variations of such words and phrases or state that certain actions, events, conditions, circumstances or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Many risks, uncertainties and other factors, which are often times beyond our control, could cause actual results to differ materially from these forward-looking statements, including, in addition to factors previously disclosed in Boeing's and Embraer's reports filed with the SEC and those identified elsewhere in this release, any risks relating to a potential strategic combination. Boeing and Embraer cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Boeing and Embraer disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, conditions, circumstances or otherwise, except as required by applicable law. Please consult further disclosures Boeing and Embraer make on related subjects, if any, in reports to the SEC.
https://www.theglobeandmail.com/globe-i ... slug=C2221
Thursday, December 21, 2017
Boeing and Embraer Confirm Discussions on Potential Combination
14:45 EST Thursday, December 21, 2017
CHICAGO and SAO PAULO, Dec. 21, 2017 /CNW/ -- The Boeing Company (NYSE: BA) and Embraer (BM&FBOVESPA: EMBR3, NYSE: ERJ) today confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.
There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions.
Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies' boards and Embraer's shareholders.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "expected," "scheduled," "estimates," "intends," "anticipates" or "believes," or variations of such words and phrases or state that certain actions, events, conditions, circumstances or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Many risks, uncertainties and other factors, which are often times beyond our control, could cause actual results to differ materially from these forward-looking statements, including, in addition to factors previously disclosed in Boeing's and Embraer's reports filed with the SEC and those identified elsewhere in this release, any risks relating to a potential strategic combination. Boeing and Embraer cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Boeing and Embraer disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, conditions, circumstances or otherwise, except as required by applicable law. Please consult further disclosures Boeing and Embraer make on related subjects, if any, in reports to the SEC.
https://www.theglobeandmail.com/globe-i ... slug=C2221
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Re: Boeing and Embraer sitting in a tree.....
Sort of like how Embraer is incredibly giddy over the whole Bombardier "dumping" tariffs...
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Re: Boeing and Embraer sitting in a tree.....
Interesting times for sure. I can see the advantage for Boeing. I'm just not sure what is in it for Embraer. I guess the risk with not doing it is that they get squeezed out of the market if Airbus seriously flogs the C-Series.
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Re: Boeing and Embraer sitting in a tree.....
The Brazilian government have indicated they aren’t enthusiastic about any BE partnership. Probably because of their contribution$ to Embraer. It would dilute their influence at Embraer. I can’t see the benefit to Boeing by this hook up. Isn’t it a little late? Boeing could have bought into the C Series ages ago and put all of the recent nonsense into the garbage bin long ago. But, there we go.
We’ll see where this goes. Remember, the Americans are isolating themselves with Trump’s isolationist Make America Great Again policy. I don’t think the Brazilian government are impressed.
Gino
We’ll see where this goes. Remember, the Americans are isolating themselves with Trump’s isolationist Make America Great Again policy. I don’t think the Brazilian government are impressed.
Gino
"I'll tell you what's wrong with society. No one drinks from the skulls of their enemies!"
Re: Boeing and Embraer sitting in a tree.....
It could be a case of "partner with us, or we'll make a stink and get you sanctioned too...".
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Re: Boeing and Embraer sitting in a tree.....
Most likely the Boeing/Embraer merger is a consolidation of power. Bombardier/Airbus vs Boeing/Embraer. Boeing's temper tantrum about the C-Series has essentially forced them into a power struggle. Boeing could probably not survive politically on the world stage if they pulled the same sort of shenanigans with Embraer as they did Bombardier.
Boeing doesn't have the technology in the market currently to compete with the C-Series. Merging with Embraer allows them to compete in the C-series capacity market and force customers into an us or them decision. It's much easier to compete against 1 player vs 3.
Boeing doesn't have the technology in the market currently to compete with the C-Series. Merging with Embraer allows them to compete in the C-series capacity market and force customers into an us or them decision. It's much easier to compete against 1 player vs 3.
Last edited by tired of the ground on Fri Dec 29, 2017 1:29 pm, edited 1 time in total.
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Re: Boeing and Embraer sitting in a tree.....
The last item I read concerning BE clearly stated Boeing is looking at buying Embraer. I don't recall anything about a merger, but I stand to be corrected. It IS a work in progress. But at the same time, I think it will run out of gas before it gets to any destination.
Boeing's interest appears to be in the Ejet and Military products on offer by EMB and there's more to EMB than that. I don't believe the Brasilian government will be all that cooperative, not like JT and the Big Bus crowd.
Remember, airbus bought an aircraft program not a company. So, it may seem like the same thing only it's different.
Consistently, the misconception that the E jets compete with C series is just that and nothing more. The E jet is a regional jet while the C series is not. One is scoped out, the other isn't. Besides, as a pilot, you'd prefer the C series over the motorcycle any day. You just haven't figured that out yet.
Gino
Boeing's interest appears to be in the Ejet and Military products on offer by EMB and there's more to EMB than that. I don't believe the Brasilian government will be all that cooperative, not like JT and the Big Bus crowd.
Remember, airbus bought an aircraft program not a company. So, it may seem like the same thing only it's different.
Consistently, the misconception that the E jets compete with C series is just that and nothing more. The E jet is a regional jet while the C series is not. One is scoped out, the other isn't. Besides, as a pilot, you'd prefer the C series over the motorcycle any day. You just haven't figured that out yet.
Gino
Re: Boeing and Embraer sitting in a tree.....
The E-Jet is nothing more than Embraer's version of the MAX. An older re-engined airframe. Boeing is just doing the old "If you can't beat them, sue them".
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Re: Boeing and Embraer sitting in a tree.....
http://canadianaviator.com/brazil-vetoes-boeing-deal/President Michel Temer said that under no circumstances would the country give up control of the company, which is also its primary defence contractor.
Well, there you go. Guess Boeing will have to get some massive tariffs applied to the import of the Brazilian jungle jets...