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ODwyerPW
Posts: 1402
Joined: Thu Dec 09, 2004 6:30 am

Re: Updated: Embraer and Boeing Partnership confirmed

Fri Jan 11, 2019 9:48 pm

Wow. Looking forward to news of future 737 and 145 family replacements!
learning never stops.
 
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LAXintl
Posts: 23315
Joined: Wed May 24, 2000 12:12 pm

Re: Updated: Embraer and Boeing Partnership confirmed

Sun Jan 27, 2019 5:54 am

Embraer with government approval signed “master transaction agreement” for sale of 80 percent stake commercial division to Boeing.

Only pending item in process is a final shareholder vote scheduled for Feb 26th.

https://www.prnewswire.com/news-release ... 84096.html
https://www.reuters.com/article/us-embr ... SKCN1PI32U
From the desert to the sea, to all of Southern California
 
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LAXintl
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Joined: Wed May 24, 2000 12:12 pm

Re: Updated: Embraer and Boeing Partnership confirmed

Tue Feb 26, 2019 4:05 pm

At special shareholder meeting, 96.8 per cent of all votes cast were in favour of the transaction. Shareholders approved the proposal that will establish a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 per cent ownership stake in the new company, and Embraer will hold the remaining 20 per cent.
The transaction values Embraer’s commercial aircraft operations at $5.26 billion, and contemplates a value of $4.2 billion for Boeing’s 80 per cent ownership stake in the joint venture.


https://www.prnewswire.com/news-release ... 02311.html
From the desert to the sea, to all of Southern California
 
PixelPilot
Posts: 180
Joined: Tue Jan 16, 2018 1:19 am

Re: Updated: Embraer and Boeing Partnership confirmed

Tue Feb 26, 2019 4:10 pm

LAXintl wrote:
At special shareholder meeting, 96.8 per cent of all votes cast were in favour of the transaction. Shareholders approved the proposal that will establish a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 per cent ownership stake in the new company, and Embraer will hold the remaining 20 per cent.
The transaction values Embraer’s commercial aircraft operations at $5.26 billion, and contemplates a value of $4.2 billion for Boeing’s 80 per cent ownership stake in the joint venture.


https://www.prnewswire.com/news-release ... 02311.html


Good news!
I didn't read the whole thread but will Boeing re brand the planes in similar fashion what Airbus did?
 
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EMBSPBR
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Re: Updated: Embraer and Boeing Partnership confirmed

Wed Feb 27, 2019 12:49 am

Hold your breath: it´s just one more step ...

Now will come the approval of regulatory agencies in both Brazil and the United States;

(and another attempt by the unions to bar the agreement)

Then the government approval or veto to the final agreement;

(and another attempt by the unions to bar the agreement)

And finally (and if nobody from the Brazilian congress and the unions try to bar the agreement again), finally it will be signed ...
 
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EMBSPBR
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Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 3:42 pm

I must confess that there is no surprise in this nomination for the position of CEO of JV Boeing / Embraer (temporarily called "NewCo") ...

John Slattery has been a great Embraer enthusiast since 2011 when he was hired as senior vice president responsible for sales financing and asset management.
He was named president and CEO of Embraer Commercial Aviation and executive vice president of Embraer SA in 2016.

Embraer's current CEO, Paulo César de Souza e Silva, will step down from the manufacturer on April 22 and will be replaced by an executive recruited externally.

Source: https://atwonline.com/manufacturers/sla ... t-ventures

Slattery, Allen to lead Boeing-Embraer joint ventures

Excerpt:

"Embraer’s John Slattery will be the first CEO of the Boeing-Embraer commercial aircraft joint venture (JV) the manufacturers expect to launch by the end of the year, reporting to Boeing’s Marc Allen , who will take a new position in charge of Boeing’s JVs with Embraer, the companies announced March 20.

Slattery is currently CEO and president of the Embraer Commercial Aviation division and EVP of corporate Embraer."
 
PixelPilot
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Joined: Tue Jan 16, 2018 1:19 am

Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 3:46 pm

I wonder if Embraer can step in and develop 150-200 seats clean sheet and leave boeing "mom" to focus on the 797.
 
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EMBSPBR
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Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 3:54 pm

PixelPilot wrote:
I wonder if Embraer can step in and develop 150-200 seats clean sheet and leave boeing "mom" to focus on the 797.


That is the plan ... :old: :old: :old: :bouncy: :bouncy: :bouncy:
 
mxaxai
Posts: 846
Joined: Sat Jun 18, 2016 7:29 am

Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 3:57 pm

PixelPilot wrote:
I wonder if Embraer can step in and develop 150-200 seats clean sheet and leave boeing "mom" to focus on the 797.

Not by themselves. The required production rate will need Boeings expertise from the 737. The required use of mass produced CFRP and advanced aluminium alloys will require Boeings expertise from the 787 and 777X. Moving the NSA completely to Embraer would overwhelm them like the CSeries did for Bombardier.
 
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LockheedBBD
Posts: 557
Joined: Wed May 31, 2017 6:59 pm

Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 10:21 pm

mxaxai wrote:
Moving the NSA completely to Embraer would overwhelm them like the CSeries did for Bombardier.


I think Embraer can handle it. Bombardier was overwhelmed due to a lack of money and poor management. Two problems that a Boeing owned Embraer will not have. It's not like Embraer has any new projects to work on at the moment. The E2, KC390 etc. are all pretty much finished.
 
many321
Posts: 211
Joined: Sat Mar 11, 2017 6:15 am

Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 10:37 pm

LockheedBBD wrote:
mxaxai wrote:
Moving the NSA completely to Embraer would overwhelm them like the CSeries did for Bombardier.


I think Embraer can handle it. Bombardier was overwhelmed due to a lack of money and poor management. Two problems that a Boeing owned Embraer will not have. It's not like Embraer has any new projects to work on at the moment. The E2, KC390 etc. are all pretty much finished.


I agree. Seeing how 737MAX unraveling before our eyes, it would be better for Embraer under close supervision from Boeing to start building the NSA as soon as possible since I highly doubt a software patch is going to fix the issues the MAX has.
 
CX747
Posts: 6072
Joined: Tue May 18, 1999 2:54 am

Re: Updated: Embraer and Boeing Partnership confirmed

Wed Mar 20, 2019 11:04 pm

737Max unravelling? Sorry but let's stop the mob mentality. The program is not unraveling and more than likely, in 60-90 days all the Max's will be airborne again. Crashes are always hard, as people lost their lives. That loss is permanent and far out reaches any fanboy statements or beliefs.


An updated format for the MCAS is in inbound and the program will be just fine. There is nothing structurally wrong with the aircraft. All arrows point to additional sensors providing information and a potential change of the checklist to follow.

I am excited to see what the JV turns out first.
"History does not long entrust the care of freedom to the weak or timid." D. Eisenhower

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