Shareholders at Brazil’s Embraer Approve Joint Venture with Boeing

The approval of the partnership by the Brazilian government was one of President Jair Bolsonaro’s first decisions as Brazil’s new leader.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – A joint venture between Brazil’s Embraer and US’s Boeing was approved on Tuesday by 96.8 percent of the Brazilian aircraft manufacturer's shareholders. The partnership calls for the creation of a new company, where Boeing will own eighty percent of the shares and Embraer the remaining twenty percent.

“This groundbreaking partnership will position both companies to deliver a stronger value proposition for our customers and other stakeholders and create more opportunities for our employees,” said Paulo Cesar de Souza e Silva, President and CEO of Embraer in . . .

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