April 27, 2020 / 12:52 PM / a month ago

Brazil's Embraer files arbitration proceedings against Boeing after deal collapse

SAO PAULO, April 27 (Reuters) - Brazil’s Embraer SA has already begun an arbitration process against Boeing Co, its CEO said on Monday, after the U.S. planemaker canceled a $4.2 billion deal overnight.

Embraer Chief Executive Francisco Gomes Neto declined to provide more details on the process and if it will be accompanied by a lawsuit in either a Brazilian or a U.S. court. (Reporting by Marcelo Rochabrun; Editing by Toby Chopra)

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