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That's a reversal from Luna's remarks in August, when he said
that current President Michel Temer's administration would reach
a decision after elections conclude this Sunday but before the
Jan. 1 transition to the next government.
Embraer and Boeing agreed in July to the deal, but Brazil's
government, which owns a special class of stock in the
planemaker that allows it to veto significant business
decisions, has yet to sign off on it.
Luna said negotiations on final details of the deal had reached
a stalemate due to the electoral uncertainty. The expectation
now is that discussions will accelerate once a president has
been elected.
"But that doesn't mean it's not going to come through," Luna
said of the deal.
Jair Bolsonaro, the far-right candidate widely expected to win
the election on Sunday by a large margin, has said in the past
that he is in favor of the deal. His rival, left-wing Fernando
Haddad, has spoken against it.
Luna said that the deal would probably be presented by the
current government to the transition team appointed by the
future president-elect.
"We will surely be calling the transition team to talk about the
deal, and the idea is to present everything with clarity and
transparency," Luna said.
Under the terms of the proposed deal, Boeing will pay $3.8
billion to own 80 percent of a new joint venture that will hold
Embraer's commercial jet business. Embraer will be left with its
private jet and defense divisions.
(Reporting by Rodrigo Viga Gaier; writing by Marcelo Rochabrun;
Editing by Susan Thomas)
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