Boeing and Embraer agree terms for commercial aircraft joint venture

Boeing and Embraer signed a memorandum of understanding for a joint venture that will give Boeing 80% ownership of Embraer's commercial aircraft division, valued at USD 4.75 billion. The deal is expected to close by end of 2019.

“The planned joint venture between Boeing and Embraer would give the US manufacturer complete control over all aspects of Embraer's commercial aircraft unit...”web.archive.org

• 1 source
• web.archive.orgEmbraer-Boeing agreement lays out terms of proposed joint ventureJon HemmerdingerOct 11, 2018

Summarized from public sources; check the original articles before acting on it.