$4.2 bn Boeing-Embraer deal hits new roadblock as deadline looms: Report

Embraer said this week it was in talks with Boeing to extend the April 24 deadline for closing the deal and that there were no assurances about whether or when it would close

A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.

The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue.

The deal also depends on delayed approval from the European Union which has said it needs until August to