Brazil government not looking to interrupt Embraer-Boeing tie-up: official

Brasília (AFP) - The Brazilian government is not poised to interrupt plans for a tie-up between national planemaker Embraer and US giant Boeing, a senior official said Monday, days after President Jair Bolsonaro expressed wariness over the venture. The government "is not thinking of interrupting this negotiation," Augusto Heleno, secretary for institutional security, said after accompanying Bolsonaro to an event in Brasilia appointing the new heads of public banks, the O Globo news website reported. Bolsonaro last week sent shares in Embraer diving after saying that, while he approved of the $5.2-billion tie-up, he wanted reassurance that Boeing would not simply gobble up the Brazilian company.

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