Boeing to Take Over Embraer's Commercial-Jet Business
Source: The Wall Street Journal.
Boeing to Take Over Embraer’s Commercial-Jet Business
Deal extends the U.S. plane maker’s reach into the market for smaller passenger jets
By Andrew Tangel and Robert Wall
Updated July 5, 2018 12:42 p.m. ET
Boeing Co. has agreed to take control of Embraer SA’s commercial jetliner business, a deal that extends the U.S. aerospace giant’s reach into the market for smaller passenger planes.
The agreement with the Brazilian company, cast as a joint venture valued at $4.75 billion, marks an extension of what has become effectively a global duopoly of Boeing and European rival Airbus SE for planes with more than 150 seats to even smaller jets. Now, the ....
Read more: https://www.wsj.com/articles/boeing-to-take-over-brazils-embraer-commercial-jet-business-1530790672
BUSINESS NEWS JULY 5, 2018 / 7:26 AM / UPDATED AN HOUR AGO
Boeing to take over $4.75 billion Embraer unit, targeting Airbus-Bombardier
https://www.reuters.com/article/us-embraer-m-a-boeing/boeing-to-take-over-embraer-unit-taking-on-airbus-bombardier-idUSKBN1JV1D2
Brad Haynes, Tim Hepher 5 MIN READ
SAO PAULO/PARIS (Reuters) - Boeing Co (BA.N) struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly.