Brazil’s Embraer says it has finalized deal terms with Boeing

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo

SAO PAULO (Reuters) – Brazil’s Embraer (EMBR3.SA) said on Monday it had finalized the terms of a proposed deal to sell 80 percent of its commercial aviation business to Boeing (BA.N).

As announced, the terms of the deal remain unchanged from when the joint-venture was first announced in July. The deal still needs approval from the Brazilian government.

Reporting by Marcelo Rochabrun; Editing by Kirsten Donovan

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