Boeing to buy 80% of Embraer's commercial jet unit for $4.2 bn
US planemaker Boeing on Monday announced it will acquire 80% stake in Embraer's commercial aircraft and services operations for $4.2 billion. The Brazilian company will own the remaining 20% in the joint venture. While Boeing will have operational and management control of the company, Embraer will keep consent rights for some decisions, such as transfer of operations from Brazil.