It was the Wall Street Journal that grabbed attention first for reporting a possible original equipment manufacturer (OEM) acquisition. It has since been confirmed: Boeing and Embraer are talking.
Boeing’s official statement:
“The Boeing Company and Embraer today confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.
“There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions.
“Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies’ boards and Embraer’s shareholders.”
Although Boeing chose not to use the word “acquisition,” The Wall Street Journal reported what Boeing called “discussions” were actually “takeover talks” with the Brazilian OEM. The report also said it the talks could be a counter to Airbus’ activities with Bombardier’s C Series.