The move will extend the U.S. plane maker's reach into the market for smaller passenger jets.
Boeing Co. has agreed to take control of Embraer SA’s commercial jetliner business, a deal that extends the U.S. aerospace giant’s reach into the market for smaller passenger planes.
The agreement with the Brazilian company, cast as a joint venture valued at $4.75 billion, marks an extension of what has become effectively a global duopoly of Boeing and European rival Airbus SE for planes with more than 150 seats to even smaller jets. Now, the two aircraft makers are bracing for new competition in coming years from China and...
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