By , , Boeing accused Embraer of failing to meet conditions for closing the transaction, but Embraer said Boeing had torpedoed it because of wider financial problems it faces as a result of the coronavirus crisis and the grounding of its 737 MAX.“Embraer believes strongly that Boeing has wrongfully terminated the (agreement,)” the Brazilian company said.Boeing struck a more emollient tone but behind the scenes, both sides were bracing for months of argument over the breakup.“Over the past several months, we had productive but ultimately unsuccessful negotiations ... We all aimed to resolve...…By , , Boeing accused Embraer of failing to meet conditions for closing the transaction, but Embraer said Boeing had torpedoed it because of wider financial problems it faces as a result of the coronavirus crisis and the grounding of its 737 MAX.“Embraer believes strongly that Boeing has wrongfully terminated the (agreement,)” the Brazilian company said.Boeing struck a more emollient tone but behind the scenes, both sides were bracing for months of argument over the breakup.“Over the past several months, we had productive but ultimately unsuccessful negotiations ... We all aimed to resolve...WW…

By , , The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue.The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block.Neither company agreed to comment.People familiar with the matter stressed that the deadline expires at...…By , , The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue.The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block.Neither company agreed to comment.People familiar with the matter stressed that the deadline expires at...WW…