Boeing Could Control Embraer Exec Jets Under Tie-up
Embraer's executive and commercial jet divisions would be included in the new venture, with a “shrunken” Embraer retaining defense, says newspaper.

After the Brazilian government used its “golden share” to block two proposals from Boeing, which initially wanted to buy all of Embraer, negotiations now focus on a joint venture with Boeing having 80 percent to 90 percent of the capital and total control, according to business newspaper Valor Econômico. Embraer's executive and commercial jet divisions would be included in the new venture, with a “shrunken” Embraer retaining defense.