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Embraer shareholders approve $4.2 billion deal with Boeing

Reuters

SAO PAULO, Feb 26 () - Shareholders of Brazilian planemaker Embraer SA on Tuesday approved a deal to sell 80 percent of the company's commercial jet division to Boeing Co, a move that could reshape the global market for aircraft of up to 150 seats.

Boeing made its bid following a similar deal between Airbus SE and Canada'sBomardier Inc, which saw the European planemaker take a majority stake in the C Series jets, which compete directly with Embraer.

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SAO PAULO, Feb 26 () - Shareholders of Brazilian planemaker Embraer SA on Tuesday approved a deal to sell 80 percent of the company's commercial jet division to Boeing Co, a move that could reshape the global market for aircraft of up to 150 seats.

Boeing made its bid following a similar deal between Airbus SE and Canada'sBomardier Inc, which saw the European planemaker take a majority stake in the C Series jets, which compete directly with Embraer.


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