Boeing-Embraer proposal involves setting up new company - government source
BRASILIA (Reuters) - The latest proposal for a tie-up between Boeing Co (BA.N) and Brazilian planemaker Embraer SA (EMBR3.SA) would include the creation of a third company, a government source told Reuters.
Earlier on Friday, Globo TV reported that Embraer had accepted Boeing’s new proposal to form a third company to make passenger planes, and that the new entity would not involve Embraer’s defence division.