Brazil court overturns suspension of Boeing-Embraer tie-up
Boeing and Embraer have proposed a tie-up that would give the US aerospace giant an 80 percent stake in the Brazilian company's commercial aviation business (AFP Photo/ERIC PIERMONT)/ Sao Paulo (AFP) - An appeals court in Brazil on Monday overturned an order blocking a proposed $4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer. The ruling superseded a lower federal court decision in Sao Paulo last week that prevented the outgoing government taking any "concrete acts" on the ...
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