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A Boeing 737 MAX and an Embraer E190-E2 are exhibited before the opening of the 52nd Paris Air Show at Paris Airfield near Paris, June 16, 2017.
Pascal Rossignol [19659003BoeingCowilltakeoverthe$475billioncommercialaircraftbusinessfromBraziliangliderbuilderEmbraerSAaspartofanewcompanycontrolledbytheUSfirmcompaniesannouncedThursday
] the new company, encompbading the commercial activities of aircraft and Embraer services. makes Boeing the leader in the smaller jet market, creating increased competition for the C Series aircraft program designed by Bombardier Canada and supported by its European rival Airbus SE ..
Air Operations to $ 4.75 billion, and Boeing's 80 percent stake in the joint venture to $ 3.8 billion, according to the companies.
Under the terms of the agreement, Boeing will hold an 8 The partnership is expected to increase Boeing's earnings per share from 2020 and generate estimated annual savings of nearly $ 150 million by the third year.
Boeing's initial plan to buy Embraer was rejected by the Brazilian government because it did not want a foreign company to control its defense unit for strategic security reasons. In addition, the two companies will create another joint venture to promote and develop new markets and applications for defense products and services, including KC-390 multi-mission aircraft, based on jointly identified opportunities, they added. . [19659012]
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