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“New reality” sinks Boeing – Embraer deal

Boeing is abandoning the proposed tie-up weeks after Chief Executive Officer Dave Calhoun warned employees that the company would need to adjust to a "new reality" as travel demand collapses and airlines prepare for a slow recovery. Embraer’s market value has tumbled to less than $1.1 billion, about one-quarter of what Boeing had been poised to pay for the Brazilian company’s commercial plane operations alone.
-- Julie Johnsson, Bloomberg