Suffering losses, Embraer’s hopes depend on Boeing joint venture

Since December 2017, Embraer shares have been swinging following the news of a joint venture with American planemaker Boeing. Over a year later, the deal still awaits regulatory approval and the jewel of Brazil’s aerospace sector has suffered its first annual loss in a decade. Investors are wondering how long it will take to see better returns.

Embraer posted a loss of BRL 669 million in 2018, compared to its BRL 850.7 million profit in 2017. Results for the fourth quarter were also negative, as the company saw losses of BRL 78.1 million. According to the planemaker, the performance is a result “of...