RIO DE JANEIRO, BRAZIL - After an unfriendly end to the agreement with American giant Boeing, EMBRAER (EMBR3) started a major restructuring of its operations amid the scenario of chaos in the airline industry caused by the Covid-19 pandemic.
The dispute over the US$5.2 billion (R$27 billion) contract with Boeing will be resolved by arbitration. The industry's attention now shifts to the measures the Brazilian manufacturer will pursue to overcome this setback.
Among the company's options are international partnerships and access to a credit line from the National Bank for Economic and Social Development (BNDES . . .
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