Brazilian aircraft manufacturer Embraer has sought advisory assistance in an move towards formally requesting Brazilian government support after a deal with Boeing fell through. Embraer has hired an investment bank, Itau BBA, to advise in talks with the Brazilian Development Bank (BNDES) for government support. The plane manufacturer is seeking credit lines of between $1
Boeing has released its much-awaited Q1 figures in a virtual meeting broadcast to partners and shareholders.
Boeing may face criminal and civil scrutiny into the beleaguered 737 MAX line, according to numerous overnight reports.
Boeing will resume 787 operations at its shuttered South Carolina factory (BSC), with most teammates returning to work on May 3 or May 4. BSC is one of two Dreamliner final assembly and delivery facilities, and is also involved with the fabrication and assembly of systems for aft fuselage sections.
CEO David Calhoun made several remarks to shareholders about the future of aviation and potential staff layoffs in an AGM.
Boeing has walked away from a $4.2 billion deal planned with Brazilian aircraft manufacturer Embraer.
