Boeing to buy control of Embraer’s $4.75 billion commercial jet unit

July 5, 2018 admin Business News Comments Off on Boeing to buy control of Embraer’s $4.75 billion commercial jet unit

SAO PAULO (Reuters) – Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.

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Source:: Reuters – Business News