Boeing buys 80% of Embraer

Boeing has closed a deal with Embraer to take control of 80% of the civil airliner business, excluding business jets and military programmes.

The company will remain under the operation of Brazilian managers but the CEO will report to Boeing’s CEO Denis Mullenberg.

This now means that Boeing will begin homogenising the Embraer aircraft programme and operating it as an adjunct of its own programmes, both in terms of marketing and procurement. There is no indication of an aircraft name change.

This now means that all major passenger aircraft programmes used by some 90% of the worlds airlines are in effect made by just two companies – Boeing and Airbus.