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”.

ARTICLE CONTINUES BELOW

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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Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

This technology could retire washboards and regular washing machines: Xiaomi launches a three-drum washer with an automatic detergent dosing system, washes clothes at 95°C simultaneously, prevents cross-contamination, and costs less than R$ 3,000 in China.

In a country where about 75% of the territory is mountainous and little land is left for planting, Japan has turned scarcity into luxury, selling pairs of Yubari melons for amounts that reached nearly US$ 45,000 and cultivating the true wasabi that 90% of the world has never tasted.

Abandoned boars and pigs in Fukushima create fast-breeding hybrids and turn the nuclear area into a natural laboratory

A bi-oceanic railway is expected to connect the Brazilian coast to the Chinese port of Chancay in Peru and cross the South American continent from coast to coast. It is part of the same package of R$ 140 billion in railways that the government is opening to investors later this year.

Japan is about to launch a satellite that captures solar energy in space and sends electricity to Earth in the form of microwaves. The technology promises to generate energy 24 hours a day without relying on clouds, night, or solar panels on the ground.

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

Read Also

Privatization of Embraer

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A bi-oceanic railway is expected to connect the Brazilian coast to the Chinese port of Chancay in Peru and cross the South American continent from coast to coast. It is part of the same package of R$ 140 billion in railways that the government is opening to investors later this year.

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After closing a factory in Argentina, Whirlpool will open 200 job positions at a Brazilian unit and aims to accelerate industrial restructuring with new investments, logistical expansion, and a focus on national production of home appliances to meet high demand in the South American market.

This technology could retire washboards and regular washing machines: Xiaomi launches a three-drum washer with an automatic detergent dosing system, washes clothes at 95°C simultaneously, prevents cross-contamination, and costs less than R$ 3,000 in China.

In a country where about 75% of the territory is mountainous and little land is left for planting, Japan has turned scarcity into luxury, selling pairs of Yubari melons for amounts that reached nearly US$ 45,000 and cultivating the true wasabi that 90% of the world has never tasted.

Abandoned boars and pigs in Fukushima create fast-breeding hybrids and turn the nuclear area into a natural laboratory

A bi-oceanic railway is expected to connect the Brazilian coast to the Chinese port of Chancay in Peru and cross the South American continent from coast to coast. It is part of the same package of R$ 140 billion in railways that the government is opening to investors later this year.

Japan is about to launch a satellite that captures solar energy in space and sends electricity to Earth in the form of microwaves. The technology promises to generate energy 24 hours a day without relying on clouds, night, or solar panels on the ground.