Brazilian antitrust regulator Cade has approved Boeing’s purchase of Embraer SA’s commercial aviation division without restrictions. That is according to the latest announcement on the agency’s website.
Cade’s top administrative council could still call for a reconsideration of the case, putting the matter to a vote.
The European Union has set an April 30 deadline to decide on the deal.
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Boeing has offered to pay $4.2 billion for 80% of Embraer’s commercial jet division, which builds passenger jets in the 70- to 150-seat segment.
That puts it in direct competition with next-generation jets designed by Bombardier Incorporated and acquired by Europe’s Airbus which rebranded them the A220 program.
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