• Boeing to take over Embraer unit, taking on Airbus-Bombardier

    10 days ago - By Reuters

    SAO PAULO - Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.
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  • Boeing and Embraer are taking on Airbus and Bombardier with a new $4.8 billion joint venture

    Boeing and Embraer are taking on Airbus and Bombardier with a new $4.8 billion joint venture

    10 days ago - By Business Insider

    Boeing and Brazilian planemaker Embraer announced on Thursday that they have agreed to create a new joint venture.
    The new JV will consist of Embraer's commercial aircraft and services division along with Boeing commercial development, production, as well as marketing and lifecycle services operations.
    Boeing's 80% share of the JV is valued at $3.8 billion.
    Embraer will retain the remaining 20% of the JV which values its entire commercial aircraft business at $4.75 billion.
    The deal is expected to close by the end of 2019.
    Boeing and Embraer are joining forces. The US aviation giant and...
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  • Boeing and Embraer Are Forming a $4.75 Billion Commercial Jet Venture

    10 days ago - By Fortune

    Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will bolster its arsenal in the newest battlefront with Airbus SE: the market for smaller jetliners.
    Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer's commercial airplane and services businesses while the Brazilian manufacturer holds 20 percent, the companies said in a statement Thursday. The tie-up caps years of talks between the two, while extending the duopoly held by Boeing and Airbus as competitive threats emerge from rivals in Russia, Japan...
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  • Boeing to buy control of Embraer's $4.75 billion commercial jet unit

    10 days ago - By Reuters

    SAO PAULO - Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.
    Read more ...