SCOOP: Amazon in talks with airline Azul for Brazil deliveries. Great reporting by @G_Slattery. The latest in a string of Amazon exclusives by the team. https://t.co/584QG2Raq6
$ERJ shares jumped in New York on our report, which mentions Boeing's $5-6 bln valuation of Embraer (market cap now $4.6 bln).
BNDES and Finance Ministry are supportive of a deal. Air Force is resistant. The defense minister brokering talks has not made his recommendation.