Brazil's Embraer files arbitration proceedings against Boeing after deal collapse

SAO PAULO (Reuters) – Brazil’s Embraer SA (EMBR3.SA) has already begun an arbitration process against Boeing Co (BA.N), its CEO said on Monday, after the U.S. planemaker canceled a $4.2 billion deal overnight.

Embraer Chief Executive Francisco Gomes Neto declined to provide more details on the process and if it will be accompanied by a lawsuit in either a Brazilian or a U.S. court.

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