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Embraer-Boeing aviation deal blocked by Brazilian court

Reuters  |  BRASILIA 

By Ricardo Brito and Marcelo RochabrunBRASILIA (Reuters) - A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between U.S. planemaker Boeing Co and Embraer SA , a deal the Brazilian company says is crucial to its survival.Embraer shares in Sao Paulo closed 2.42 percent lower, although it remained too early to say whether the injunction will actually block or significantly affect the deal. Labour groups in Brazil often bring court challenges against significant business deals and the injunction could be reversed.The decision forbids Embraer's board of ...

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First Published: Fri, December 07 2018. 04:59 IST