Following months of negotiations, Boeing and Embraer have signed an MOU to set up a joint venture (JV) comprising Embraer’s commercial aircraft and services business. The non-binding agreement, announced July 5, sees Boeing take an 80% stake Embraer’s commercial operations, while Embraer will control the remaining 20%. Management of the new company will be based in Brazil and will be led by a president and CEO who will report to Boeing CEO Dennis Muilenburg. Boeing will ...

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