Boeing’s Purchase Of Embraer Approved By Brazil – What Does This Mean?

Brazil has approved the Embraer and Boeing partnership, allowing Boeing to launch Embraer small jets as part of their own product line and take on Airbus & their small A220 head-on

What are the details?

Brazil has given the green light for the final approval of Boeing’s take over of Embraer, starting a new era of small Boeing jets.

Boeing has been in discussion with a partnership with the Brazilian planemaker, to help build and distribute their E-Jet family. In detail, Boeing will buy 80% of the Embraer commercial arm as well as a joint venture to help market Embraer’s military aircraft to the worl