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Business/Financial

Embraer Shareholders Approve Commercial, KC-390 Joint Ventures With Boeing

By Cal Biesecker

Tuesday, February 26th, 2019

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Embraer Shareholders Approve Commercial, KC-390 Joint Ventures With Boeing

The Embraer KC-390 transport airplane. Photo: Embraer.

Embraer’s [ERJ] shareholders on Tuesday approved proposals for two joint ventures with Boeing [BA], one for aircraft and services operations for the Brazil-based company’s commercial aircraft and the other for its multi-mission KC-390 medium airlift aircraft, the companies said on Tuesday. The shareholder approval moves the joint ventures one step closer to completion, with the companies still expecting closures by the end of 2019. Regulatory approvals are still needed. Boeing will own an 80 percent stake in the commercial joint…

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