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When Covid hit Brazil two years in the past, the outlook for airplane producer Embraer was bleak. The corporate that was as soon as thought of the crown jewel of Brazilian trade had reached an settlement in 2019 to promote its worthwhile industrial aviation division to Boeing, leaving uncertainty hanging over the way forward for its protection and government jet divisions. In early 2020, airplanes worldwide had been grounded because the coronavirus unfold internationally, casting a cloud over the aviation trade globally.
Then, in April 2020, Boeing unilaterally pulled out of the USD 4.2 billion merger, accusing Embraer of getting failed to fulfill contractual…
Entry all of The Brazilian Report
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