27 April 2020
Boeing announced this weekend that it has given up its Master Transaction Agreement (MTA) with Embraer.
The agreement between Boeing and Embraer had been in works for a long time. The American company decided to end it up, announcing the withdrawal of the contract, this weekend. Boeing considered that the Brazilian company did not satisfy the necessary conditions.
The agreement planned the creation of a joint venture that included Embraer’s commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium aircraft.
In the official announcement made by Boeing, it is possible to read the comment by Marc Allen, president of Embraer Partnership & Group Operations at Boeing:
“Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied MTA conditions. We all aimed to resolve those by the initial termination date, but it didn’t happen. It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues”.
However, the connection between Boeing and Embraer is maintained, namely through its Master Teaming Agreement, signed in 2012 and expanded in 2016, to jointly market and support C-390 Millennium military aircraft.
AED Cluster Portugal participated in the annual General Assembly of the European Aerospace Cluster Partnership, in Italy.
The Cluster's main event gathered the Portuguese ecossystem along with the prime industry companies of the world.
Visit to the Toulouse headquarters was led by the Ministery of Science.