UAE’s EDGE Buys Brazil’s Akaer as Embraer Rules Out Fighter Development

Brazil · Business Key Facts —The Deal. UAE state-owned EDGE Group has signed an agreement to acquire 100% of Brazilian aerospace engineering firm Akaer, pending regulatory approvals. —The Price. No purchase price has been disclosed by either party, though EDGE has invested roughly BRL 3 billion (USD 590 million) in Brazil since 2023. —Embraer’s Stance.…