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The cancellation of Boeing’s purchase of Embraer’s civilian aircraft area was not considered catastrophic by the entire federal government.
The military summit, which was never unanimous on the agreement, considers that the withdrawal is an opportunity for President Jair Bolsonaro to take more precautions in the current privatization policy.
On Saturday (25), Boeing announced the suspension of the agreement, of US $ 4.2 billion (R $ 23.5 billion on Friday), which was the largest business in the Brazilian aerospace industry.
According to the US company, Embraer would not have fulfilled all the obligations to execute the separation of the regional line of planes. There was an exchange of charges between the companies.
For the uniformed nucleus of the Planalto Palace, the aerospace technology sector is strategic for the protection of the country. For this reason, sharing technology could weaken air defense.
The military heard by Sheet They argue, however, that breaking the deal amid an economic crisis caused by the new coronavirus is not encouraging.
The scenario, for them, shows that other Brazilian companies risk losing a great market value during the pandemic. For some military personnel, the non-continuation of the agreement strengthens the government’s participation in the discourse on the need for a more flexible fiscal adjustment and an increase in public investment as the disease continues to spread.
Despite the parsimony speech with the privatization plan of the liberal wing of the government, the army does not advocate the re-privatization of the company, sold in 1994.
This Saturday, the São José dos Campos Metalworkers Union took advantage of the frustrated agreement to issue a note calling for Embraer’s re-status.
The termination of the agreement for the purchase of Embraer by Boeing, announced this Saturday (25) by the US company, is a turning point in a transaction marked by disregard for national interests and Brazilian workers, “says an excerpt. of the statement sent by the union.
The organization also says it has opposed the sale. “Embraer is a strategic national asset for the country and does not need an alliance with international partners to survive.”
Jair Bolsonaro’s management, unlike company representatives, approved the deal.
This support was necessary because the government has a so-called “golden action” that would allow it to veto any agreement. The action was a remnant of Embraer’s privatization process.
The deal was supported by Planalto under Michel Temer (MDB). It was ratified by Bolsonaro in early 2019.
The Boeing-Embraer deal began sewing in 2017, when the U.S. automaker’s biggest rival, the European Airbus, bought Canada’s Bombardier C-Series line of regional jets.
Early Saturday afternoon, Embraer released a note with allegations against Boeing. “Embraer firmly believes that Boeing mistakenly terminated the MTA (Global Operation Agreement) and made false claims,” the text says.
The decision was made, according to the note, “as a pretext to try to avoid its commitments to close the transaction and pay Embraer the purchase price of US $ 4.2 billion.”
“The company believes that Boeing has adopted a systematic pattern of delay and repeated breaches of the MTA, due to an unwillingness to complete the transaction, its financial condition, the 737 MAX, and other business and reputation issues,” says Embraer, He said that he had fulfilled all the necessary conditions for the agreement.
The Brazilian manufacturer stated that it will take “all appropriate measures against Boeing for damages suffered as a result of improper cancellation and violation of the MTA.”
The CEO of the company, Francisco Gomes Neto, recorded a video that provides this version of events.
“We will seek compensation,” he said, saying he “regrets the decision,” but that Embraer has overcome crises in the past. “We remain firm and strong,” he said.
The Boeing financial difficulties cited are known, although the company denies that they are the reason for the termination.
They are an internal crisis, with the production of the best-selling 737 MAX due to technical problems that caused fatal accidents and the drop in global demand for aircraft due to the new coronavirus pandemic.
