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July 6, 2018

Boeing, Embraer JV is valued at $4.8B

  • The deal would give Boeing and the joint venture a lineup of planes from 70 to more than 450 seats.
  • By DAVID KOENIG
    AP Airlines Writer

    Boeing and Brazilian jet maker Embraer have agreed to form a joint venture that would push the U.S. aerospace giant into the market for smaller passenger planes.

    The new company is being valued at $4.75 billion. Boeing Co. said Thursday that it will own 80 percent while Embraer SA takes the remaining 20 percent.


     
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