Boeing to take over Embraer’s commercial-jet business
Boeing has agreed to take control of Embraer’s commercial jetliner business, a deal that extends the aerospace giant’s reach into the market for smaller passenger planes. The agreement with the Brazilian company, cast as a joint venture valued at US$4.75b, marks an extension of what has become effectively a global duopoly of Boeing and Airbus for planes with more than 150 seats to even smaller jets. Now, the two aircraft makers are bracing for new competition in coming years from China and Russia, where aerospace companies are working on new single-aisle and wide-body planes Boeing said Thursday that it will take an 80% stake in Embraer’s commercial airplane and services business. Embraer will own the remaining 20%, with the right to force Boeing to buy it out over the next decade. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-06/general/boeing-to-take-over-embraer2019s-commercial-jet-business
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Boeing to take over Embraer’s commercial-jet business
Boeing has agreed to take control of Embraer’s commercial jetliner business, a deal that extends the aerospace giant’s reach into the market for smaller passenger planes. The agreement with the Brazilian company, cast as a joint venture valued at US$4.75b, marks an extension of what has become effectively a global duopoly of Boeing and Airbus for planes with more than 150 seats to even smaller jets. Now, the two aircraft makers are bracing for new competition in coming years from China and Russia, where aerospace companies are working on new single-aisle and wide-body planes Boeing said Thursday that it will take an 80% stake in Embraer’s commercial airplane and services business. Embraer will own the remaining 20%, with the right to force Boeing to buy it out over the next decade. <br/>
