$4.2bn Boeing deal 'mission-critical' for us, says Embraer chief Slattery

Venture: Embraer’s John Slattery speaking at the ‘Airfinance Journal’ Dublin 2020 Conference. Photo: Mark Harrison

John Mulligan

The $4.2bn (€3.8bn) deal that will see Boeing take an 80pc stake in a joint venture with Embraer's commercial aircraft wing is "mission-critical" for the Brazilian plane maker if it is to withstand pressure from Airbus, according to John Slattery, CEO of Embraer's commercial division.

He said that without it, it was difficult to see where Embraer would be within five or 10 years.