The failed Boeing-Embraer joint venture means both companies lost valuable time and resources. Read more on how the scuttled deal poses challenges for BA and ERJ.

Embraer's $150 million divorce settlement from Boeing - announced on 16 September after more than four years of legal wrangling - marks the end of one the most remarkable betrothals in recent aerospace history.

Boeing will pay Embraer a gross amount of $150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said on Monday.

This article is published in Aviation Daily part of Aviation Week Intelligence Network (AWIN), and is complimentary through Sep 24, 2024. For information on becoming an AWIN Member to access more content like this, click here .

Brazilian multinational aerospace group Embraer and US aircraft maker Boeing reached an agreement after a long arbitration process that began after Boeing aborted a $4.2 billion deal to buy Embraer's commercial jet-making unit amid the pandemic.

Boeing Co. will pay Embraer SA $150 million for its failed combination with the Brazilian aircraft maker, forcing the US company to hand over funds at a time when it’s trying to prop up its balance sheet.

Embraer receives $150M from Boeing in arbitration settlement, as company explores the potential to make new plane to rival Boeing and Airbus.