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.

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.

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.

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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.