Aviation
Commercial /
Brazil
Coming back
With the announcement of the spin-off of Yaborã, the commercial aviation division will be Embraer's direct responsibility
Embraer E195-E2 "profit hunter"
Matti Blume, CC BY-SA 4.0, via Wikimedia Commons
Rafael Ramos
11/2/2021
Aiming to return to developing the aviation business directly by Embraer, the Board of Directors, on the 28th, approved the partial spin-off of the subsidiary Yaborã Indústria Aeronáutica, with incorporation of the spun-off portion as of January 1, 2022.
Yaborã was created at the time of negotiations with Boeing in order to take care of all the commercial aviation part of Embraer, including the manufacture of all its commercial aircraft, so that its business would be separated from other parts, such as agricultural aviation, defense and executive aviation.
The spin-off aims to reduce operating, systemic, administrative and tax costs. However, the Partial Spin-off with Merger is still subject to approval by Embraer's shareholders, with the extraordinary general meeting being held at an opportune time.
The Partial Spin-off with incorporation will not increase Embraer's shareholders' equity, as Embraer already has Yaborã's records in its consolidated financial statements. The spin-off costs around 150 million reais.
Embraer jets
Agência Brasil, CC BY 3.0 BR , via Wikimedia Commons
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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