Boeing and Embraer have hammered out terms of their proposed commercial business merger, including a Brazil-based management that reports to Boeing chairman, CEO and president Dennis Muilenburg, as well as for a joint venture (JV) to make and sell the medium-lift KC-390 military transport aircraft. Boeing would own 80% of the commercial JV after paying $4.2 billion—up from an initial $3.8 billion Boeing outlined in July when the deal was formally unveiled. ...

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