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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Better than in Brazil? Havan’s owner wants to take the chain to Paraguay and Uruguay: “I confess I had never thought about it.”

How much does a gas station owner earn? A business that seems like a money-making machine can generate R$ 1.5 million per month and still profit only R$ 40,000, while the real earnings come from convenience, car wash, and extra services.

Elderly individuals may obtain essential documents without paying fees: a project that includes CIN, CNH, CPF, and work card advances in the Chamber, eliminates issuance and renewal charges, and leaves Brazilians waiting for decisive steps to see if the benefit will actually be implemented.

Paper money is disappearing from Brazilians’ pockets, with the issuance of new banknotes dropping by 31% from 2020 to 2025, amid the explosion of Pix, which became the most frequent payment method for 46% of the population, while cash plummeted from 42% to 22%.

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Archaeologists find a face carved in stone in Kazakhstan and the discovery raises curious questions about ancient tombs, ancestors, and mysterious rituals of the Bronze Age.

Historic record of Brazil in the World Cup has just been broken and still brings an unwanted memory for Brazilians.

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