Embraer says Boeing will pay $150 mln for withdrawal from tie-up talks-March 2024-www.financetom.com

Embraer says Boeing will pay $150 mln for withdrawal from tie-up talks

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Embraer says Boeing will pay $150 mln for withdrawal from tie-up talks

Sep 16, 2024 12:32 PM

SAO PAULO, Sept 16 (Reuters) - Brazilian planemaker

Embraer ( ERJ ) said on Monday that Boeing ( BA ) will pay it

$150 million over its decision to walk away from talks for a

commercial aviation tie-up in 2020.

The "collar agreement" was recently sealed by the parties

after an arbitration process that has now been concluded,

Embraer ( ERJ ) said in a securities filing.

(Reporting by Gabriel Araujo

Editing by David Goodman

)

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