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0.000749869685009972 0.000521259959788467 -0.000930821356765421 0.000156377987936455 0.00013478293245942 0.00420656787549329 -0.00115123985404733 -0.00811676223099286
Stock impact report

Jetmaker Embraer focuses on future after Boeing divorce "pain" [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
Jetmaker Embraer focuses on future after Boeing divorce "pain" PARIS/SAO PAULO (Reuters) - The head of Embraer’s commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a re-united company. Commercial Aviation Chief Executive John Slattery said Embraer had incurred pain and costs in separating jetliners from defence and business-jet activities in preparation for the merger, including a loss of deliveries in January. He declined to comment on an arbitration process Embraer launched after Boeing abruptly cancelled the deal on Saturday. Speaking in a webinar hosted by Aviation Week, Slattery said he was convinced the commercial aerospace partnership with Boeing would have provided “extraordinary benefits” to airline customers who had expressed disappointment at its collapse. Boeing has said Embraer failed to meet conditions for closing the deal. Slattery said Embraer was Show less Read more
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