
Boeing [BA] on Thursday moved a step closer to establishing a strategic partnership with Brazilian aircraft maker Embraer [ERJ], announcing a pending $3.8 billion majority ownership stake in a commercial aircraft joint venture and also said the two companies would create another joint venture in defense.A key part of the defense joint venture will be Embraer’s multi-mission transport aircraft for the medium airlift market. Last December, the KC-390, which is being developed for cargo, transport and aerial refueling missions, achieved…