Boeing and Embraer Announce Long-Awaited Regional Jet Joint Venture
Wide-moat Boeing and narrow-moat Embraer announced plans to create a joint venture that would see Boeing take over the Brazilian aircraft manufacturer’s regional jet operations with an 80% share in the entity; Embraer would hold the remaining 20%. The JV will be based in Brazil and led by Embraer’s management team, reporting to the Boeing CEO. Boeing and Embraer think the JV should close before the end of 2019, but we think the arrangement has about a 50/50 shot of going forward because the Braz...The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
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