Pandemic was accelerant, not cause of decision to consolidate 787 final assembly to its North Charleston, S.C. plant.
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When Embraer spinoff Eve on Dec. 21 confirmed plans to combine with Zanite Acquisition Corp., it became the sixth company in the urban air mobility space to link up with a special purpose acquisition company (SPAC). Rather than speak to the continued strength of SPACs, however, the deal illustrates the funding vehicle’s decline as an ample source of outside capital — even as it cements Embraer’s strategy of using partnerships to expand into new markets.
The first time I met Pat Shanahan was in May 2008. He was trying to show Boeing’s 787 Dreamliner program,...
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