Boeing terminates joint venture agreement with Brazil’s Embraer

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An Embraer E195 jet airliner on display at the 2019 Paris Air Show opened at Le Bourget Airport.

Marina Lystseva | TASS | Getty Images

Boeing has ended agreements for joint ventures with Brazil’s Embraer after a deadline for the deal passed, the latest derailment at the aerospace giant. 

“It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues.” Marc Allen, president of the Embraer Partnership and Group Operations, in a Boeing news release.

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