Boeing Faces Deeper Antitrust Probe of Embraer Deal in Europe
- EU Sets Feb. 20 as planemakers see deal close in early 2020
- Joint venture could remove Embraer as important force: EU
An employee cleans a logo celebrating the 50th anniversary of Embraer SA near an E195-E2 series jet during the 53rd International Paris Air Show, in June 2019.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Boeing Co.’s ventures with Embraer SA face a deeper antitrust probe from the European Union as regulators said the transaction threatens to knock out an important rival to the world’s biggest planemakers.
The European Commission has until Feb. 20 to issue a ruling on the deal after opening an “in-depth investigation,” according to a statement Friday. Boeing and Embraer, which had already shifted their target for completing the transaction to early 2020 from this year, have said they expected additional scrutiny once the EU’s initial inquiry ended Oct. 4.