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Boeing Announces Partnership With Embraer

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America's Boeing and Brazil's Embraer have finally come through with a much-expected collaboration by signing a Memorandum of Understanding (MoU) that will combine efforts to catch up to lost ground against its competitors. Both manufacturers will enter into a joint venture that will see the commercial aircraft and services business of Embraer, aligning with Boeing's commercial development, production, marketing and lifecycle services operations. (airwaysmag.com) עוד...

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pilotjag
pilotjag 3
Boeing Press Release...
http://boeing.mediaroom.com/2018-07-05-Boeing-and-Embraer-to-Establish-Strategic-Aerospace-Partnership-to-Accelerate-Global-Aerospace-Growth

Boeing is to take an 80% stake in Embraer's commercial aircraft and services business. This includes Embraer’s ERJ and E-Jet families, the new E2 airplanes and all commercial aftermarket services. Embraer will be retaining the other 20%, which includes the defense and executive jet products and services businesses associated with those products.
tyketto
Brad Littlejohn 3
Airbus/Bombardier naysayers can't say anything now because this is an even bigger ownership between Boeing and Embraer than the 51/49 between Airbus and Bombardier.

But the bigger questions loom: Where will the E170/E190 series as well as the E2s be built? This is important, because Trump levied steel and aluminum tariffs against Brazil, which are in effect.
mikehe
Mike Hindson-Evans 0
Indeed! And this tie-up with South America might help shield Boeing from European retaliatory tariff levels if the current silliness continues.

So, who's going to buy a share in Chinese Aerospace?
(*irony alert*)
VictorSerraventoso
VictorSerraventoso 0
EMBRAER STARTS JOINT VENTURE IN CHINA - Brazilian aircraft manufacturer Embraer signed a deal to build a production facility in China through a joint venture with Harbin Aircraft Industry and Hafei Aviation Industry, two companies owned by Chinese manufacturer AVIC-II. The equity investment in the joint venture will total $25 million, of which Embraer will contribute 51 percent. The new company, named Harbin Embraer Aircraft Industry Company, Ltd, will be located in Harbin, the capital ...
VictorSerraventoso
VictorSerraventoso 0
That was back in 2002
wwharris
Bill Harris 1
Some more analysis here: https://www.seattletimes.com/business/boeing-aerospace/boeings-embraer-deal-is-a-key-strategic-play-for-the-future/
SmokedChops
SmokedChops 1
out of curiosity, where will the SuperTucano project land? How long before we pencil 'Embraer' next to 'McDonnell-Douglas' in the historical archives? That said, I wish them success, and I hope it brings value to the investors.
propjoe
Joe Mayer 0
(Duplicate Squawk Submitted)

Boeing and Embraer Reach deal

Boeing takes over Embraer commercial airplane operations for $4.75 billion.

https://www.bbc.com/news/business-44726100
allen018
Bill Allen -1
"I currently avoid the Embraer commuter jest AA uses. Their built for Brazilian midgets."

?
nparsayekta
nader parsa 0
hi my friends
wfmihok
William Mihok -7
I currently avoid the Embraer commuter jest AA uses. Their built for Brazilian midgets. Hope this joint advnture means more comfortable aircraft.

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