Deals
Embraer Says Boeing, Airbus Know Their Smallest Jets Are Too Big
- Bid interest shows limits of shrinking planes, Slattery says
- Executive backs deal with U.S. giant, cites cultural synergies
Boeing Considers Embraer Deal for Small Jet Market
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Boeing Co. and Airbus SE are seeking to buy regional planemakers because their own entry-level jets are too big to be efficient, according to Embraer SA, which is in takeover talks with the U.S. manufacturer.
The Boeing approach and Airbus’s agreement to take a stake in Bombardier Inc.’s C Series model show they accept that stretching regional planes to accommodate more passengers is a better bet than shrinking their own full-size jetliners, Embraer’s commercial jets chief, John Slattery, said Tuesday.