Posted on 07/05/2018 11:49:48 AM PDT by C19fan
Boeing will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75billion joint venture.
Both companies made the announcement on Thursday, cementing a global passenger jet duopoly.
The new company, encompassing Embraer's commercial aircraft and services businesses, should make Boeing the market leader for smaller passenger jets, creating stiffer competition for the CSeries aircraft program designed by Canada's Bombardier Inc and backed by European rival Airbus SE.
The deal values Embraer's commercial aircraft operations, the world's third-largest, at $4.75billion and Boeing's 80-per cent ownership stake in the joint venture at $3.8billion, the companies said.
(Excerpt) Read more at dailymail.co.uk ...
Interesting move by Boeing, I would think that Bombadier is not happy to hear this.
Agreed. Interesting move.
On a recent return flight with United, I had a leg from LAX on an Embraer 175 aircraft. I’m always curious about what I’m flying and I had never flown on an Embraer before. It was a 3 hour flight with a 2-2 seat configuration. Compared to the Southwest B737s I usually fly I thought it was very comfortable. Much more comfortable than the CRJs I’ve flown on.
That’s nice.
Soooo....the DoJ let Boeing merge with MDAC back in ‘97 cuz there “just wasn’t room for two US mfrs in the market”.
But apparently there was: Boeing never went after the regional jet market thinking that Beech 1900s and Metroliners were all that were ever going to fly. And some SAAB 340s.
But wait: Canadair (now Bombardier) and Embraer took the low end because they didn’t want to tug on Superman’s cape.
And it worked spectacularly. SkyWest now has 550 regional jets, making it one of the largest airlines on Earth.
All made in other countries, but admittedly, with a lot of US content: engines and avionics. Not a little thing...
So, uh, what happened to the lack of a market that allowed Boeing to stomp MDAC out of business? And Lockheed?
The market EXPANDED dramatically with new models over broader ranges.
Who knew.
Wonder what they will say in Aviation & Space Weekly?
Great move for Boeing, Great move for the USA, Great move for American aircraft assembly workers. Boeing immediately moves to the front row in the regional airliner business and many of these fine aircraft can be outfitted for both Business/Corporate & Head-of-State aircraft. Go Boeing, Go Trump, Go MAGA.
Bombardier in Canada will not be happy, Canada will not be happy!!!
Bombardier? You mean Airbus?
When it all shakes out their will be two major airliner makers, Airbus and Boeing, until the Chinese can be trusted to make an airliner. #never? With the Chinese assembling A320’s in Tianjin, it may be a while before they build their own.
The Japanese (Mitsubishi) and Suhkio (Russians) are doomed as the now Airbus CS100-CS300 and the now Boeing E2’s are too good.
The new Embraers are great and leapfrogged the CRJ’s from the sewer-tube ERJ’s, but the NEW bombardier CS100-CS300 (only Swiss, AirBaltic and Korean are flying them now) are even better than the Latest Embraers (3-2 seating, quiet, modern)
Delta will probably be the first to get the CS’s in the US, and people will like them. The CS is 100 seats without having to walk 1/2 mile to the last row like 100 seats in an Embraer. Family’s get the 3 side, business travelers get the 2 side. MD80 seating with the fuel economy of a CRJ.
And best of all, thanks to Trump getting elected, they will be made in Mobile, Alabama (most of the expensive parts of a CS100 CS300 are already made in the USA)
LOL, I know Boeing is a big government, crony-capitalism piece of union crap, but I will still take their product over anything of that class produced anywhere else.
Amen to that
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