EU antitrust regulators have resumed their investigation into Boeing’s bid to buy the jet making arm of Embraer, with a decision due by August 7, a European Commission filing showed on Wednesday, April 22.
The EU executive halted its probe on February 24 while waiting for the companies to provide information it had requested. The so-called stop the clock ended on April 7, according to the filing. Sources said millions of documents have been provided in recent months.
The EU competition enforcer in October last year expressed concerns about the US$4.2 billion deal, stating it would remove Embraer as the third largest global competitor in the highly concentrated commercial aircraft industry, especially in single-aisle commercial planes.
Embraer’s commercial unit builds jetliners in the 70- to 150-seat segment and competes with the Canadian-designed A220 program recently acquired by Europe’s Airbus.
Full Content: Reuters
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