Industry

Embraer and Boeing agree terms for commercial merger, marketing of KC-390

17 December 2018

Embraer and Boeing have agreed on the strategic terms under which they will merge the majority of the commercial business of the former, as well as form a joint venture (JV) under which they will jointly market the KC-390 transport aircraft.

Under the proposed agreement, Boeing will acquire an 80% stake in Embraer's commercial business, while the JV to promote the latter's KC-390 aircraft will be 51% owned by the Brazilian company and 49% by the American OEM.

These proposals are subject to authorisation from the Brazilian government, after which the companies intend to execute definitive transaction documents for the deal.

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