According to a statement on Brazil’s antitrust regulator Cade’s website, it has approved Boeing Co’s acquisition of Embraer SA’s commercial aviation division without restrictions.
Boeing and Embraer welcomed the move with the former saying it remained confident of the deal being approval by the European Commission – the last hurdle in its acquisition.
The European Commission has has set a deadline of April 30 to decide on the deal.
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. This puts in direct competition with the next-generation jets designed by Bombardier Inc and acquired by Airbus SE which rebranded them the A220 program.