Boeing has said that it will rename Embraer SA’s passenger jet unit, which it recently took over, and will call the division Boeing Brasil – Commercial. In a deal worth $4.2 billion, Boeing bought 80% of Embraer’s operation making passenger jets – with Embraer retaining a 20% stake. There has been no decision made by Boeing about whether to change the small and mid-sized planes. On completion, Embraer will still exist as a company focused on executive jets and defence. The deal with Boeing has been approved by shareholders but is still waiting on regulatory approval. When the deal was
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.