An EU antitrust investigation could be launched into Boeing’s $4.75bn bid for the commercial aircraft division of Brazil’s Embraer, according to reports. The deal would strengthen the ability of Western aircraft manufacturers to mitigate competition from Russia, Japan and China, according to Reuters. Additionally, it would establish Boeing at the lower end of the market, to compete with CSeries aircraft designed by Bombardier with backing from Airbus. The European Commission said a preliminary review of the case would run until up to five months, after which a full investigation could take 4 October.
An EU antitrust investigation could be launched into Boeing’s $4.75bn bid for the commercial aircraft division of Brazil’s Embraer, according to reports. The deal would strengthen the ability of Western aircraft manufacturers to mitigate competition from Russia, Japan and China, according to Reuters. Additionally, it would establish Boeing at the lower end of the market, to compete with CSeries aircraft designed by Bombardier with backing from Airbus. The European Commission said a preliminary review of the case would run until 4 October, after which a full investigation could take up to five months.