Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. covers the period ending December 6, 2018, with a report date of December 7, 2018. The filing addresses a material legal development regarding a Class Action lawsuit (no. 5017611-59.2018.4.03.6100) pending before the 24th Federal Civil Court of São Paulo.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a legal contingency and does not contain financial performance data.
Material Changes
On December 6, 2018, the Company became aware of a provisional measure issued by the court in the aforementioned Class Action. The judge partially granted a measure to suspend the effects of any potential Board of Directors decision approving the segregation and transfer of the commercial aviation business to a new company. This transfer is part of the proposed joint venture between Embraer and The Boeing Co.
Guidance, Outlook, and Risks
- Legal Contingency: The court order suspends the effects of the potential business transfer decision but explicitly states it imposes no obstacles to the continuation of negotiations between Embraer and Boeing.
- Management Response: Embraer intends to take applicable judicial measures to reverse the court's decision.
- Outlook: The Company will keep shareholders and the market informed of any material developments related to the Class Action.
Key Facts for Investor Verification
- Verify the current status of the Class Action no. 5017611-59.2018.4.03.6100 and any subsequent rulings.
- Confirm whether the provisional measure impacts the timeline or structure of the proposed joint venture with The Boeing Co.
- Monitor future filings for updates on Embraer's efforts to reverse the court's decision.