CNBC:
“Embraer Chief Executive Francisco Gomes Neto said it was still early to discuss such opportunities as the company is studying a new five-year plan. He added that partnerships could involve products, engineering, and production.”
• Brazilian planemaker Embraer said it expects to sign new strategic partnerships in the future.
• The announcement comes after Boeing abruptly canceled a deal in April to take over the company’s commercial jet division.
• Embraer Chief Executive Francisco Gomes Neto said it was still early to discuss such opportunities as the company is studying a new five-year plan.
Motley Fool:
“Embraer was left at the altar by Boeing and is now attempting to find a new partner for that $4 billion deal. Triumph is attempting to shed poor-performing businesses after years of underwhelming results but faces uncertain demand for the remaining units it would like to sell. GE has cut its overall workforce by about 10%, but some bears argue the company’s cash issues are even worse than investors realize.”