November 12, 2019 / 10:28 AM / 25 days ago

CORRECTED-Embraer posts $77.2 mln loss affected by Boeing deal costs

(Corrects previous estimate to $1.6-1.7 billion, paragraph 3)

SAO PAULO, Nov 12 (Reuters) - Brazilian planemaker Embraer reported a third-quarter loss of $77.2 million on Tuesday affected by costs related to finalizing a $4.2 billion commercial passenger jets deal with Boeing which is expected to close by “early 2020.”

Embraer said deal costs came in at $34.8 million for the quarter.

The company also revised guidance on a special dividend for shareholders that will be paid after the deal closes to $1.3-1.6 billion, compared to a previous estimate of $1.6-1.7 billion. (Reporting by Marcelo Rochabrun; editing by Jason Neely)

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