Transportation
Boeing to Pay Embraer $150 Million for Scuttled Combination
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Boeing Co. will pay Embraer SA $150 million for its failed combination with the Brazilian aircraft maker, forcing the US company to hand over funds at a time when it’s trying to prop up its balance sheet.
The arbitration proceedings have ended and an agreement been reached, Embraer said in a stock exchange filing on Monday. Boeing walked away from the proposed $4.2 billion transaction at the height of the Covid-19 pandemic.