Embraer SA will have to scrap plans to build the first all-new turboprop aircraft in 30 years if its proposed joint venture with Boeing Co. fails to secure regulatory approval, a potential frustration for regional airlines hoping to modernize their fleets. The Brazilian manufacturer has been exploring designs for a new propeller-powered aircraft for the past two years that could launch by the middle of this decade. A final decision on whether to proceed could be made by the beginning of next year.

Source: Wall Street Journal January 20, 2020 23:19 UTC