Brazil’s Embraer Enters Partnership with U.S.’s Boeing

According to the document signed Wednesday, the U.S. aircraft manufacturer will have eighty percent of the new joint venture while the Brazilian manufacturer will hold the remaining twenty percent of the stake.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – After months of discussions and negotiations, Brazil’s Embraer and U.S.’s Boeing announced on Thursday morning (July 5th) that they signed a memorandum of understanding to establish a strategic partnership between the companies to accelerate growth in global aerospace markets.

According to the document the U.S. aircraft manufacturer will have eighty percent of the new joint venture while the Brazilian manufacturer will hold the remaining twenty percent of the stake.

"The agreement with Boeing will create the most important strategic partnership in the aerospace industry, strengthening both . . .

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