This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG3Q1FA_L.jpg
Boeing, which is working to bring its 737 MAX jet back into service after two fatal crashes, canceled the $4.2 billion deal for the Brazilian company’s regional jet division over the weekend, prompting Embraer to initiate arbitration.
“We worked diligently for two years to finalize the transaction, but ultimately we could not come to a resolution around critical unsatisfied conditions for the deal,” Calhoun said.
