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Business/Financial

Boeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation

By Cal Biesecker

Monday, December 17th, 2018

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Boeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation

The Brazilian Air Force received its first Embraer KC-390 Millennium in 2019 and is exploring hybrid-electric options for light transport with Embraer. (Embraer)

Boeing [BA] and Brazil’s Embraer [ERJ] have finalized agreements on joint ventures for the KC-390 multi-mission medium airlift aircraft and commercial aviation, with the deals expected to close by the end of 2019.Embraer will have a controlling interest, 51 percent, in the joint venture for the KC-390 that will be focused on development, manufacture and sales for new markets and applications. A Boeing spokesman told Defense Daily the “economic terms” of the joint venture are still being worked out.A release…

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