Boeing, Embraer forge on with tie-up after Brazil suspension reversed
Under the planned deal, Boeing is to take an 80 percent stake in Embraer's commercial business, thus allowing it to offer planes with capacity of up to 150 seats -- a market in which Boeing currently does not compete (AFP Photo/ERIC PIERMONT)/ Sao Paulo (AFP) - US planemaker Boeing and Brazil's Embraer said Monday they have approved the terms of a partnership to create a joint venture now worth $5.26 billion -- more than when they first announced it in July. "The transaction remains subject to approval by the Government of Brazil, after ...
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