Boeing and Embraer Agree to $4.75 Billion Commercial JV | Aviation International News

Boeing and Embraer Agree to $4.75 Billion Commercial JV

Companies expect to close deal by end of 2019

A proposed joint venture between Boeing and Embraer would see the U.S. manufacturer assume control of 80-percent of the Brazilian company's commercial aviation business, which includes the E195-E2 program. (Photo: Embraer)

By Gregory Polek • Senior Editor

July 5, 2018

Boeing will take an 80-percent share of Embraer’s commercial aviation business under the terms of a non-binding agreement announced Thursday. The memorandum of understanding proposes the formation of a joint venture meant to “strategically align” the companies’ commercial development, production, marketing, and lifecycle services operations. Under the terms of the agreement, Boeing will hold an 80 percent ownership stake in the joint venture and Embraer will own the remaining 20 percent stake.

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