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Brazil court issues order blocking proposed Embraer-Boeing tie-up

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The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker

BRASILIA (Reuters) – A federal court in Sao Paulo issued a decision on Thursday blocking the proposed tie-up between planemakers Boeing Co (BA.N) and Embraer SA (EMBR3.SA), according to a court document seen by Reuters.

The decision can be appealed. The companies announced in July that Brazilian planemaker Embraer would sell 80 percent of its commercial aviation business to Boeing.

Reporting by Ricardo Brito; Editing by Lisa Shumaker

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