# 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.

- Type: Partnership
- Announced: 2018-12-17
- Where: Brazil
- Value: $5.26B
- Status: announced
- Products: commercial aircraft, aircraft services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [en.xfafinance.com](http://en.xfafinance.com/html/Companies/2018/366291.shtml), 2018-12-18: "We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole."

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