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Boeing Inks Deal to Take Over Embraer’s Commercial Jetliner Business

Boeing gets Embraer's portfolio of smaller commercial jets in the joint venture deal. Embraer
Gemini Sparkle

Key Takeaways:

A mega deal that some wondered whether it would ever come to fruition is now a done deal. Boeing is taking control of Embraer’s commercial jetliner business, agreeing on Thursday to pay $3.8 billion for a larger slice of the global plane making pie that puts the world’s biggest plane makers on a collision course after rival Airbus inked a similar deal to take over Bombardier’s CSeries jet program.

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