Boeing and Embraer now have all the approvals they need to move forward with two joint ventures that will change the commercial and perhaps military aircraft market. Boeing will take over 80 percent of the Brazilian company's passenger plane business and will also take a 49 percent stake in the development of the KC-390 military transport. Both the Brazilian government, which has veto power over Embraer's decisions, and the company board of directors have approved the deal. All the paperwork is expected to be done by the end of 2019. The government had sovereignty concerns about allowing such a large foreign investment but Boeing and Embraer were able to convince officials the deal would be good for the country and the company.
This is a companion discussion topic for the original entry at https://www.avweb.com/recent-updates/business-military/boeing-embraer-deal-approved