As a company, Boeing’s seems to go out of its way to incur self-inflicted wounds to its reputation. From the debacle of moving from Seattle to Illinois, to the stupid stunt with the Bombardier C-Series , the continuous 737 Max fumbles and now this. It appears that if you do business with Boeing, you do so at your own risk.
I can see both sides of the argument and how both should have come to a more beneficial less public agreement. Obviously, Boeing can’t go through the deal in the financial shape it is in. But backing out of it while saying it was Embraer’s fault is another one of these pokers moves that haven’t worked well for the company these past few years. As well, Embraer shouldn’t have rushed removing that part of its business so quickly until they had more from Boeing.
It’s ugly no matter how you look at it. Both companies are in terrible shapes and we can expect Embraer suing Boeing and Boeing deflecting it. It’s going to be a spectacle for the next few months.