underfire

Here we go!

Brazilian news reported Boeing negotiated a 51% ownership in JV with Embraer. No details yet.

https://www.reuters.com/article/us-e...-idUSKCN1G90P3

a little more detail, but older

https://www.reuters.com/article/us-e...-idUSKBN1FM1TV

Heathrow Harry

why would they allow mr B a controlling interest??

SMT Member

Tired of spending money on R&D and a keen interest in hiring lawyers?

underfire

Unclear what the JV involves

The Ancient Geek

Hmmmm - A joint venture usually implies a specific project rather than a corporate merger.

underfire

Brazilian govt won't let the lazy b touch the defense portion.

Fortissimo

I hope they aren't allowed to fiddle with Brazil's defence market. "Thank you, that will be a million dollars. What was the question again?"

b1lanc

But, can Boeing now sell the Super Tucano? Collaboration on the 797? New launch site in Brazil that it has been interested in?

fleigle

Anybody who has done business in Brazil knows how corrupt everything there is, I doubt if Boeing will be able to "fiddle" with anything, other than with some Brazilian "cooperation".
This should be interesting to see how it works down the road.
f

_Phoenix

So, back to A & B duopoly and get the western plane makers in strong position to hold off Chinese and Russian competitors for the next decade at least.

SMT Member

Embraer and Boeing will base their JV on a newly created company, of which Boeing will own 51%. That company will only handle the commercial side of Embraer; the military and corporate sides will remain solely under Brazilian control.

It would come as a great surprise if there wasn't some kind of scope clause on the JV, along the lines of 'research, develop, manufacture and market commercial aircraft with a seating capacity between X and Y'

So, no, Boeing won't be selling Super Tucanos or Phenoms.

ManaAdaSystem

Could this explain why US put a 29% tax on Bombardier aircraft?

underfire

Boeing did want 90% (Brazilian Govt owns 10%)

Another missed op. Point AB