Boeing used ‘FALSE CLAIMS’ to ditch $4 billion deal, Brazil’s Embraer says ...United Arab Emirates

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Boeing used ‘FALSE CLAIMS’ to ditch $4 billion deal, Brazil’s Embraer says
Brazilian aircraft company Embraer has threatened to seek damages from US aerospace giant Boeing, after the latter “wrongfully terminated” a $4.2 billion merger deal. In a statement issued on Saturday, the Brazil-based jet manufacturer accused its American counterpart of using “false claims” to pull out of the deal, which would give Boeing an 80-percent stake in Embraer’s commercial jet unit. Embraer says Boeing wanted to avoid its commitments to close the transaction and pay the agreed purchase price as the US company faces financial troubles linked to the 737 MAX fiasco. Also on rt.com

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