Brazil’s Bolsonaro Gives Go Ahead for Boeing-Embraer Deal

Ongoing projects in the area of defense will be maintained by Embraer so the President decided not to exercise the veto power to which he was entitled.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro said on Thursday that the federal government will not oppose the merger agreement between Brazil’s Embraer and the US’s Boeing. According to the president, the agreement between the two companies does not hurt national sovereignty and the interests of the country.

“It has become clear that the sovereignty and interests of the Nation are preserved. The Union does not oppose the progress of the process," the President said on his Twitter account.

The Brazilian government will continue to hold the so-called ‘golden share’, which . . .

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