Boeing and Embraer approve joint venture terms

Boeing and Embraer approved terms for a joint venture covering Embraer's commercial aircraft and service operations. Boeing will hold an 80% stake valued at $5.26 billion, with Embraer holding 20%. The deal requires regulatory and Brazilian government approval.

“We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole.”en.xfafinance.com

• 1 source
• en.xfafinance.comBoeing, Embraer announce partnership to boost global market share_Xinhua Finance AgencyDec 18, 2018

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