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News / Business / Business Briefs

Judge suspends Boeing-Embraer deal for 2nd time

By Associated Press
Published: December 20, 2018, 6:38pm

RIO DE JANEIRO — A Brazilian judge has for the second time in a month stalled a $5.26 billion deal between airplane manufacturers Boeing and Embraer.

The temporary injunction issued Wednesday by Judge Victorio Giuzio Neto came three days after they agreed to terms. A superior court overruled his earlier decision 10 days earlier.

Boeing is to receive 80 percent of the joint venture and Embraer the remaining 20 percent. The subsidiary is expected to take on all of Embraer’s commercial aviation activities.

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