Projeto para reestatização da Embraer tramita no Senado

Bill for the Re-nationalization of Embraer Is Under Discussion in the Senate

Written by Flavia Marinho

Published on 30/04/2020 at 10:47

Projeto para reestatização da Embraer tramita no Senado

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A future process of re-nationalization of Embraer (PL 2.195/2020) was presented by Senator Jaques Wagner (PT-BA to the Senate to guide the participation of the National Bank for Economic and Social Development (BNDES) after Boeing terminated a $4.2 billion contract with the Brazilian manufacturer.

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Embraer has already initiated arbitration procedures against Boeing seeking compensation due to the termination of the American company’s contract on Saturday (25) – which claimed that the Brazilian company failed to comply with obligations of the sale process.

According to the Vice President of Brazil, the allegations made by the American company to end the deal were “false”.

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Privatization of Embraer

The privatization of Embraer in 1994 granted the federal government a “golden share,” through which the company’s strategic decisions, such as partnerships with foreign companies, would require government approval.

Both Embraer and Boeing are facing difficulties, exacerbated by the impact of the coronavirus. The U.S. government is studying financial assistance for Boeing.

Embraer’s shares on the São Paulo Stock Exchange have already fallen nearly 60% in 2020, while rating agencies have stripped the Brazilian company of its “investment grade”.

In an official statement on Monday, Embraer assured that it is “not facing liquidity problems”.

by – Senate Agency

Bill for the Re-nationalization of Embraer Is Under Discussion in the Senate

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Privatization of Embraer

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Bill for the Re-nationalization of Embraer Is Under Discussion in the Senate

Read Also

Privatization of Embraer

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

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