Matt Thurber, editor-in-chief at AIN Media Group, has been flying since 1975 and writing about aviation since 1978 and now has the best job in the world, running editorial operations for Aviation International News, Business Jet Traveler, and FutureFlight.aero. In addition to working as an A&amp;P mechanic on everything from Piper Cubs to turboprops, Matt taught flying at his father’s flight school in Plymouth, Mass., in the early 1980s, flew for an aircraft owner/pilot, and for two summer seasons hunted swordfish near the George’s Banks off the East Coast from a Piper Super Cub. An ATP certificated fixed-wing pilot and CFII and commercial helicopter pilot, Matt is type-rated in the Citation 500 and Gulfstream V/550. Based in the Pacific Northwest, Matt and his team cover the entire aviation scene including business aircraft, helicopters, avionics, safety, manufacturing, charter, fractionals, technology, air transport, advanced air mobility, defense, and other subjects of interest to AIN, BJT, and FutureFlight readers.

Editor-in-Chief

Matt Thurber

Following the announcement that Boeing plans to buy an 80 percent stake in Embraer’s commercial aviation business and form a joint venture with Embraer, the Embraer Executive Jets division will continue developing new products and supporting existing products as a standalone entity that includes Embraer’s defense and security businesses.

 


The announcement was in the form of a memorandum of understanding that proposed the formation of a joint venture meant to “strategically align” the companies’ commercial development, production, marketing, and lifecycle services operations.

 


The transaction values Embraer’s commercial aircraft operations at $4.75 billion and contemplates a value of $3.8 billion for Boeing’s 80 percent ownership stake in the joint venture.

 


The companies expect completion of the financial and operational details of the partnership and negotiation of transaction agreements to continue “in the coming months.” The transaction would then remain subject to shareholder and regulatory approvals, including approval from the government of Brazil. Assuming the approvals come in what the joint statement characterized as a timely manner, the companies expect the transaction to close by the end of 2019, or 12 to 18 months after execution of the definitive agreements.

 


“Business jets continue to be important,” said Embraer CEO Paulo Cesar&nbsp;de Souza e&nbsp;Silva on the opening day of LABACE 2018 in São Paulo, Brazil. “We plan to continue developing our business jet unit. We are planning upgrades and investments in new products…to continue to advance our products. We are also making a big investment in customer support.”

 


Silva sees no impact on the Embraer Executive Jets engineering team once the transaction is completed. “We will have full engineering capability in the remaining Embraer [entity],” he said, “so we will be able to develop new products and sustain what’s already in service. The idea is to have two very strong companies [the Boeing-Embraer commercial aircraft operation and the Embraer Executive Jets, security, and defense company].”

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