Bolsonaro's statement, made to reporters after an Air Force event, was the most powerful sign of concern expressed by the Brazilian government, which must give the green light to the agreement, about the proposed rapprochement.
Bolsonaro and his associates have generally supported the agreement in public statements made in the past, but this is the first time that he discusses details.
"The merger would be good," said Bolsonaro. But he noted that the proposed rapprochement between Embraer and Boeing could result in the Brazilian planner "moving on the other side".
"That's our concern," he added. "(Embraer) is our heritage."
Under the terms of the agreement presented by the two companies last month, Embraer would retain 20% of its business division, but would be allowed to sell this stake to Boeing in the next 10 years for about $ 1 billion, corrected for l & # 39; inflation.
After the 10-year period, Embraer could still sell its stake, but at fair value.
A representative from Embraer declined to comment. The plan maker's shares fell immediately after Bolsonaro's remarks and fell by nearly 3% in Sao Paulo on Friday afternoon.
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The agreement could reorganize the aviation Medium commercial competition between Boeing and Airbus intensify: Airbus took control of Canadian Bombardier CSeries aircraft
(Report by Anthony Boadle and Lisandra Paraguassu, edited by Chizu Nomiyama, Dan Grebler and Jeffrey Benkoe)