Brazil's Embraer adjusting production after deal with Boeing collapses

Brazil planemaker Embraer SA said that after a $4.2 billion deal with Boeing Co fell apart over the weekend, it is working on adjusting production levels and capital expenditures, as well as working to preserve cash.

The company added in a statement that it finished 2019 with a "solid cash position" and had no "significant debt in the next two years."