Take-off for deal: Slattery to head up Embraer-Boeing joint venture
Clare man John Slattery has been named the president and chief executive of the $5.25bn commercial aviation and services joint venture between Boeing and Brazilian jet-maker Embraer.
Mr Slattery is CEO of Embraer's commercial division, a role he has held since 2016, having joined the group in 2011.
Boeing and Embraer announced the planned joint venture last year, and Mr Slattery said he hopes all regulatory approvals will be secured by the end of the year. Boeing will have an 80pc stake in the joint venture.
Embraer's new series of E2 regional jets deliver significant fuel savings as well as strong reliability. The E190-E2 is already in service, while the E195-E2 is on track to be certified in the first half of this year. The tie-up with Boeing is expected to significantly expand the E2 family selling opportunity for Embraer. Embraer's commercial division had an order backlog valued at $9.7bn at the end of 2018.
Speaking to the Irish Independent yesterday, Mr Slattery likened the joint venture to the sale of Aer Lingus to IAG in 2015, with the airline having expanded significantly since then. He said Embraer will benefit from similar expansion.
"I believe that as a direct result of this transaction, there will be a meaningful increase after the transaction closes in sales of the E-jets around the world," he said. "I think it's going to be great for the customers."