Embraer Says Boeing Used False Claims to Call Off Merger

Boeing announced yesterday the termination of its contract to purchase Embraer's regional business jet division for US$4.2 billion.

RIO DE JANEIRO, BRAZIL - Brazilian aircraft manufacturer Embraer said yesterday, April 25th, in a press release that it "firmly believes that Boeing has improperly terminated" the agreement whereby the American company would buy the Brazilian company's regional jet unit for US$4.2 billion.

The termination of the merger had been announced earlier in the day by Boeing, which claimed that Embraer has not fulfilled all the provisions in the agreement required to complete the . . .

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