SÃO JOSÉ DOS CAMPOS, Brazil,
April 25, 2020 /PRNewswire/
-- Embraer S.A. ("Embraer" – EMBR3 and ERJ), in compliance
with the provisions of the CVM Instruction 358/02 and in connection
with the strategic partnership between Embraer and The Boeing
Company ("Boeing" and such partnership, the "Transaction"), informs
its shareholders and the market that Embraer received today a
notice sent by Boeing communicating its decision to terminate the
Master Transaction Agreement ("MTA"), based on Boeing's assertion
that supposedly certain closing conditions in the MTA have not been
satisfied by Embraer.
Embraer strongly believes that Boeing has wrongfully terminated
the MTA, that it has manufactured false claims as a pretext to seek
to avoid its commitments to close the transaction and pay Embraer
the US$ 4.2 billion purchase price.
Embraer believes Boeing has engaged in a systematic pattern of
delay and repeated violations of the MTA, because of its
unwillingness to complete the transaction in light of its own
financial condition and 737 MAX and other business and
reputational problems.
Embraer believes it is in full compliance with its obligations
under the MTA and will pursue all remedies against Boeing for the
damages incurred by Embraer as a result of Boeing's wrongful
termination and violation of the MTA.
The Transaction involved a long, costly and complex process,
which was supported by government authorities and the substantial
majority of Embraer's shareholders, all understanding that the
Transaction would be in the best interest of Embraer, its
employees, suppliers and customers in commercial aviation.
Embraer remains today a successful, efficient, diversified and
vertically integrated company, with a history of serving customers
with highly successful products and services built on a strong
foundation of engineering and industrial capabilities. Embraer is
an exporter and technology developer, with global presence and
defense, executive and commercial businesses. Our employees will
proudly continue to provide for our clients the high quality
products and services they depend on from Embraer every day.
Embraer's history of over 50 years is lined with many victories
but also some difficult moments. All of them were overcome. And
that's exactly what Embraer is going to do again. Embraer shall
overcome these challenges with strength and determination.
Embraer will keep its shareholders, the market in general, and
all employees, suppliers and clients informed about any relevant
updates.
São José dos Campos, April
25, 2020.
Antonio Carlos
Garcia
Executive Vice President of Finance and Investor Relations
PRESS OFFICES:
Headquarters (Brazil)
Corporate Communications
embraer@idealhks.com
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984
North America
Alyssa Ten Eyck
ayeck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
Guy Douglas
guy.douglas@nl.embraer.com
Cell: +31 (0)657120121
Tell: +31 (0)202158109
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
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SOURCE Embraer S.A.