Airways Magazine

Farnborough: Boeing and Embraer Discuss Partnership

 Breaking News

Farnborough: Boeing and Embraer Discuss Partnership

Farnborough: Boeing and Embraer Discuss Partnership
July 16
07:35 2018

FARNBOROUGH — Boeing CEO, Dennis Mullenburg, and Embraer CEO, Paulo Cesar, discussed Boeing and Embraer’s commercial aviation partnership on the opening day of the Farnborough Airshow 2018.

At the Boeing chalet, both executives broadly discussed the reasoning for the multibillion-dollar partnership that will bring the Embraer E-Jet family into the Boeing product portfolio.

READ MORE: Farnborough: GOL Orders 15 737 MAX 8s; Converts to MAX 10

After months of discussions, it was announced on July 5th that Boeing and Embraer had finally struck a deal that saw Boeing take an 80% stake in Embraer’s commercial airplane and services division for $4.75 billion.

Mullenburg, Boeing’s CEO, stated at today’s press conference:

“It’s an exciting time for Boeing and Embraer. We have worked together for a long time.”

“This proposed partnership is the natural evolution of a strategic partnership that’s been going on for decades.”

“It is one that we view through the eyes of what brings values to our customers,” he concluded.

READ MORE: Farnborough: United Airlines Orders Four Boeing 787-9 Dreamliners

The partnership, which was done with haste, is a direct response to Airbus taking over the Bombardier CSeries program.

Boeing’s purchase of the E-Jet program will allow Boeing and Embraer to better compete against Airbus.

Embraer Commercial Aviation CEO John Slattery and the E2.

READ MORE: Farnborough: Qatar Airways Orders Five 777 Boeing Freighters

Cesar, Embraer’s CEO, on the other side, established:

“We believe that this transaction here is very strategic.”

“It’s a partnership that will develop new products that will provide Embraer with access to more markets,” Cesar explained.

“Boeing being a global player, they have the opportunity to complement our products and give more access to clients around the world.”

“It’s going to be a growth opportunity for Embraer. We have certain capabilities that each can use. It’s a win-win transaction. It’s more strategic than anything else,” he determined.

READ MORE: Farnborough: Wataniya Airways Signs For 25 Airbus A320neo Family Aircraft\

Under the Boeing umbrella, Embraer will instantly become more competitive on the global marketplace.

Just like Airbus and the A220 (CSeries), Embraer will utilize Boeing’s vast marketing and sales team to increase sales and drive the E-Jet E2 deeper into the 21st century.

At the press conference, Mullenburg touted the two companies heritages and culture as keys to a successful partnership:

READ MORE: Farnborough: Aerospace Industry Valued at $685.6 Billion

“Our investment underscores our commitment to Brazil.”

“We have similar cultures, connection, and commitment to excellence.”

“We work so well together as companies. Two incredible companies with proud heritage.”

READ MORE: Farnborough: Sichuan Airlines Orders 10 A350s

Mullenburg added weight to the partnership by stating: “Boeing has had many defining points in our history. This is another one of those moments.”

While few new details were revealed at today’s press conference, the two executives did shed light on what the full potential of what the Boeing and Embraer partnership may look like.

Airways is LIVE at the Farnborough Airshow 2018. Follow our rolling coverage on Twitter at @AIRWAYSLIVE and @AIRWAYSMAGAZINE.

Comments
0

About Author

Benjamin Bearup

Benjamin Bearup

Aviation journalist from Atlanta, Georgia. Business student at the University of Georgia with a passion for aviation business management. ben@airwaysmag.com @TheAviationBeat

Related Articles

0