# Boeing and Embraer approve terms of $4.2B joint venture

Boeing and Embraer have approved terms for a strategic partnership where Boeing will acquire an 80% stake in a joint venture comprising Embraer's commercial aircraft and services operations for $4.2 billion. The deal is subject to Brazilian government approval.

- Type: Acquisition
- Announced: 2018-12-17
- Where: Brazil, Brazil
- Value: $4.20B
- Status: announced
- Products: commercial aircraft, services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (acquirer)
- [Embraer](https://endata.com/companies/23129.md) (target)

## Sources

- [boeing.mediaroom.com](https://boeing.mediaroom.com/2018-12-17-Embraer-and-Boeing-Approved-the-Terms-of-Strategic-Aerospace-Partnership-Seek-Brazilian-Government-Approval), 2018-12-17: "We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole."
- [aerospaceglobalnews.com](https://aerospaceglobalnews.com/news/embraer-and-boeing-agree-joint-venture-terms-and-seek-approval-from-brazilian-government/), 2018-12-17: "We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1355444/000129281418004069/embraer20181217_6k.htm), 2018-12-17: "Approved, in principle, subject to the Brazilian Federal Government’s authorization under item (ii) below and the additional conditions referred to below, and in continuity with the negotiations described in previous material facts, the strategic partnership between Embraer and The Boeing Co."
- [aviationnews-online.com](https://www.aviationnews-online.com/article/boeing-and-embraer-agree-terms-indigo-agrees-to-invest-in-wow-air), 2018-12-17: "Embraer and Boeing have approved to the terms of a strategic partnership that defines the joint venture comprising the commercial aircraft and services operations of Embraer."
- [flightglobal.com](https://www.flightglobal.com/fixed-wing/boeing-and-embraer-agree-on-terms-for-planned-tie-up/130706.article), 2018-12-17: "We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole."
- [investors.boeing.com](https://investors.boeing.com/investors/news/press-release-details/2019/Embraer-and-Boeing-Welcome-Brazilian-Government-Approval-of-Strategic-Partnership/default.aspx), 2019-01-10: "Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets."
- [seattletimes.com](https://www.seattletimes.com/business/boeing-aerospace/brazilian-government-approves-boeings-acquisition-of-embraers-commercial-jet-operation/), 2019-01-10: "The final proposal preserves sovereignty and national interests."
- [firstpost.com](https://www.firstpost.com/business/embraer-signs-papers-for-boeing-tie-up-calls-shareholder-meeting-5957961.html), 2019-01-24: "Embraer SA has signed the 'master transaction agreement' for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/12927/000119312519016115/d694599d8k.htm), 2019-01-25: "Embraer has agreed to contribute certain assets and liabilities related to Embraer's commercial aviation business to Commercial Aviation Newco."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.