Embraer to absorb GPX subsidiary after shareholder vote
Based on · First reported
Sources
- Embraer plans to incorporate its subsidiary Embraer GPX Ltda., which was created in 2006 and operated until 2021. Shareholders will vote on the incorporation on October 31.
- The incorporation will extinguish the subsidiary, simplify Embraer's corporate structure and reduce administrative costs.
Why it matters
The restructuring could lower overhead for Embraer's maintenance services.
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