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Financial News: EMBRAER: Company Advances On Definitive Contracts In The

EMBRAER: Company Advances On Definitive Contracts In The Venture W/ Boeing

07/31/2018 - 14:08:00 (RTTNews)

(RTTNews) - The Brazilian aircraft maker Embraer said that it is currently advancing strongly with the definitive contracts in the partnership with Boeing, said the Executive Vice President of Finance and Investor Relations, Nelson Salgado, during a teleconference with journalists.

"We do not have any new information to say at the moment. That will not change (partnership), nothing will change, everything will be as announced. It's up to the shareholders' meeting to approve the entire operation," he added.

Earlier, a Brazilian court ruled that Embraer should make a written statement on the injunction filed in a lawsuit seeking suspension of negotiations between the Brazilian company and Boeing to form a partnership in the area of commercial jets. In a note, Embraer stated that it will take all necessary actions to guarantee its right of defense.

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