Boeing to take over Embraer unit, taking on Airbus-Bombardier

July 5, 2018 admin Business News Comments Off on Boeing to take over Embraer unit, taking on Airbus-Bombardier

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