Despite costs, Embraer's Slattery being patient on JV

摘要

Embraer Commercial Aircraft CEO John Slattery continues to exhibit exceptional patience with the European Commission's extended review of the Brazilian company's proposed joint venture with Boeing, even while costs associated with the merger continue to mount. Speaking with AIN just ahead of last month's Singapore Airshow, Slattery cited confidentiality interests in declining to offer details of the EC's most recent request for information on the proposal following its decision to suspend its review for a second time on January 21. However, he reiterated he remains "respectful" of the process, notwithstanding the fact that Embraer has finished its IT migration in preparation for the establishment of the entity called Boeing Brasil. The transaction has gained the endorsement of nine of 10 jurisdictions whose approval the deal needs to proceed, leaving the EC as the last remaining holdout.