Jul 5, 2018 SOURCE: AFP
Boeing taking over Embraer's commmercial jets in joint venture deal
Boeing is taking over the commercial jet business of Brazil's Embraer valued at $4.75 billion in a move that will allow it to compete more effectively in the medium-range aircraft market.
It follows a similar strategic partnership by arch-rival Airbus with Canada's Bombardier last October.
Under the terms of the...
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