Boeing said to be courting Embraer, Brazil for jetliner venture

Boeing is wooing Embraer with a plan to form a commercial-jet venture instead of an outright acquisition, people familiar with the talks said. The two planemakers have made good progress on the framework for a deal, but hurdles remain and the final terms are still being hammered out, said one of the people. While another person said Boeing presented a plan Thursday, Embraer said Friday that it had yet to receive a proposal — while confirming that talks were ongoing and possibilities include the creation of new companies. It’s not clear whether a jointly operated company would encompass all or part of Embraer’s commercial-aircraft unit. Embraer’s military business would be excluded, potentially resolving the Brazilian govt’s concerns over national interests. <br/>