Embraer Executive Jets

Enterprises anticipate that the financing and operating terms of the collaboration and the negotiations of transactions will be completed "in the next few months". Pending the consent of the shareholders and regulators, as well as the Brazilian authorities, the deal would proceed. Under the assumption that the authorisations will be granted to the extent described as on time in the Memorandum of Understanding, the parties anticipate that the transactions will be completed by the end of 2019 or 12 to 18 month after the final arrangements have been concluded.

In 2017, Embraer Executive Jets shipped 109 aircraft, including the division's 1,100th Phenom 300 aircraft. In 2017, the net sales of the IBD achieved $1.485 billion, while the company's sales department achieved net sales of $3.372 billion.

The Embraer Executive Jets Upward Trend for the Perspective

After announcing that Boeing will acquire an 80 per cent share of Embraer's civil aerospace activities and establish a JV with Embraer, the Embraer Executive Jets Divisions will further develop new and support legacy offerings as an independent unit, including Embraer's defence and safety activities. It was announced in the shape of a letter of intent proposing the creation of a JV to "strategically align" the companies' sales engineering, manufacturing, marketing and life cycle service activities.

Embraer's civil aviation business is valued at 4.75 billion US dollars and Boeing's 80 per cent interest in the JV is valued at 3.8 billion US dollars. Enterprises anticipate that the financing and operating terms of the collaboration and the negotiations of transactions will be completed "in the next few months".

Pending the consent of the shareholders and regulators, as well as the Brazilian authorities, the deal would continue. Under the assumption that the authorisations will be granted to the extent described as on time in the Memorandum of Understanding, the parties anticipate that the transactions will be completed by the end of 2019 or 12 to 18 month after the final arrangements have been concluded.