Embraer Claims Boeing Wrongfully Terminated The Master Transaction Agreement

Embraer has announced that it is in receipt of Boeing's notice of termination of the Master Transaction Agreement (MTA) with Embraer. It has a different take on things than that of Boeing... to say the least. Embraer believes strongly that Boeing has wrongfully terminated the MTA, that it has manufactured false claims as a pretext to seek to avoid its commitments to close the transaction and pay Embraer the US$4.2 billion purchase price. According to an Embraer statement, "We believe Boeing has engaged in a systematic pattern of delay and repeated violations of the MTA, because of its unwillingness to complete the transaction in light of its own financial condition and 73

1.5 Million Medical Face Masks Brought To Healthcare Professionals In South Carolina

Boeing has completed another COVID-19 transport mission, using a Boeing Dreamlifter to bring personal protective equipment (PPE) from Hong Kong to the United States. Working in partnership with Prisma Health, Atlas Air Worldwide and Discommon Founder Neil Ferrier, the company transported 1.5 million medical-grade face masks bound for healthcare professionals at Prisma Health in South Carolina. Discommon, the importer of record for the delivery, secured production of the PPE from trusted manufacturers in China and turned to Boeing to facilitate their transport to Prisma Health, the largest healthcare system in South Carolina. Boeing donated the cost of the mis