# Boeing and Embraer partnership approved by shareholders

Embraer shareholders approved a strategic partnership with Boeing to form a joint venture for Embraer's commercial aircraft and services operations, with Boeing holding 80% ownership for $4.2 billion.

- Type: Acquisition
- Announced: 2019-02-26
- Where: São Paulo, 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

- [investors.boeing.com](https://investors.boeing.com/investors/news/press-release-details/2019/Boeing-Embraer-partnership-receives-shareholder-approval/default.aspx), 2019-02-26: "This groundbreaking partnership will position both companies to deliver a stronger value proposition for our customers and other stakeholders and create more opportunities for our employees."
- [boeing.mediaroom.com](https://boeing.mediaroom.com/2019-02-26-Boeing-Embraer-partnership-receives-shareholder-approval), 2019-02-26: "This groundbreaking partnership will position both companies to deliver a stronger value proposition for our customers and other stakeholders and create more opportunities for our employees."
- [seattletimes.com](https://www.seattletimes.com/business/embraer-shareholders-approve-jet-joint-venture-with-boeing/), 2019-02-26: "Boeing will own 80 percent of the venture, which values Embraer’s commercial-aircraft business at $5.26 billion."

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