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. The deal marks the completion of a lengthy arbitration process that began after the U.

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.

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

Boeing and Embraer have ended arbitration talks regarding the former's termination of a commercial aircraft joint venture agreement and a C-390 aircraft partnership, with Boeing agreeing to pay USD150 million.

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Boeing has agreed to pay Embraer $150 million to settle a dispute arising from the US company's 2020 decision to back out of a deal to acquire majority ownership of Embraer's commercial aircraft business.

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. The deal marks the completion of a lengthy arbitration process that begun after the U.

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.