A financially wounded Boeing can't afford a $4.2 billion dollar purchase for Embraer commercial single-aisle airplane division. It can't even afford a 737 Max investment at this time. So it canceled the Embraer deal entirely hoping for a cheaper offer for its acquisition of an Embraer merger. The cancelation is not unexpected at this time until it has a stronger cash position in two years. It's the 737 Max on life support while Embraer waits its turn in the big aviation market.
Embraer ditherings
Boeing will invent its offering to its customers during the next approach. Embraer product development will be in line for the Boeing introduction by 2024. The 737 families will be replaced by its NMA line and Embraer will reconfigure Boeing's single-aisle line-up. Dropping Embraer now signals a change in tactics during the current aviation disruption. Just wait twelve more months and what a year a difference makes in aviation.
Boeing will buy Embraer for $3.? Billion in the next twelve months.
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