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Manila Bulletin devider devider Boeing, Embraer in 'advanced' talks over merger

Boeing, Embraer in 'advanced' talks over merger

Published Jul 3, 2018 12:00 am
BRASÍLIA (AFP) – US aerospace giant Boeing and Embraer are in “advanced negotiations” over a much-anticipated tie-up, the Brazilian aircraft manufacturer said on Monday. The proposed merger, which would need the go-ahead from the Brazilian government, would leave Boeing as the majority partner, according to Brazilian newspaper Valor. Embraer would, however, keep sole control of its military activities. Valor said the two aircraft manufacturers had “already prepared the memorandums of understanding and requested a meeting to present” their project to the Brazilian government.
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