Embraer jumps With Boeing deal talks in final stage

Embraer jumped the most in two months as its proposed commercial-jet venture with Boeing cleared a major hurdle. Brazilian President Michel Temer has endorsed the partnership in principle, said a person familiar with the discussions, a crucial step since the Brazilian government has veto power over any Embraer tie-up. The talks will potentially conclude within weeks, said a second person, who asked not be named because the discussions are private. Boeing and Embraer are getting closer to a pact that would forge the second global alliance between major airplane manufacturers. Airbus is set to take control July 1 of Bombardier’s C Series single-aisle jetliner, a direct rival of Embraer’s next generation of planes. The twin deals are set to turn the market for a new generation of 100- to 150-seat planes into the next battleground in the broader struggle between Boeing and Airbus.<br/>