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The Boeing – Embraer Joint Venture was granted one of the last approvals. The strategic partnership was approved by the Administrative Council for Economic Defense (CADE)’s General-Superintendence (SG) in Brazil.
Unconditional clearance has now been granted in Brazil, United States, China, Japan, South Africa, Montenegro, Colombia, and Kenya. Now the only European Commission, which has recently announced that it halts the probe again, is left to arrive at the final decision.
“We have been productively engaged with the Commission to demonstrate the pro-competitive nature of our planned partnership, and we look forward to a positive outcome,” said Marc Allen, Boeing’s president of Embraer Partnership & Group Operations.
“Given the positive endorsement we’ve seen from customers across Europe and the unconditional clearance we’ve received from every other regulator who has considered the transaction, we look forward to securing final approval for the transaction as soon as possible.”