RIO DE JANEIRO, BRAZIL - Following the failed partnership with American aircraft giant Boeing in the commercial jet unit, an agreement that was terminated on Saturday, Brazilian aircraft manufacturer Embraer is pursuing a pragmatic strategy to succeed on its own, in a market severely impacted by the novel coronavirus pandemic.
Embraer will also claim damages from Boeing for what, in its opinion, is a willful breach of contract: it has just announced that it has initiated an arbitration proceeding against its long-standing partner in other ventures.
The largest Brazilian technology exporter is renegotiating contracts with suppliers and has agreements with . . .