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Boeing-Embraer, business agreements instead of a takeover

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Conversations about a tie-up between Boeing and Embraer – respectivelythe world’s first and  third-largest commercial jet makers —  do not envisage a change of control at the Brazilian firm and are focused on joint ventures and joint business agreements, Brazilian newspaper Valor reported on Tuesday (Jan.2).

Mentioning sources familiar with the talks, the newspaper said the companies are considering the options of forming joint business agreements in which they divide costs and income in certain areas, or ‘joint-ventures’, in which both companies enter independently into a partnership.