Aircraft companies Boeing and Embraer entered into a strategic partnership agreement providing for the purchase by American Boeing 80% of joint venture with Brazilian Embraer for 4 billion 200 million dollars. The remaining 20% of the joint venture will be owned by Embraer. The joint venture includes the production of commercial aircraft and customer service. Companies have yet to get approval for the deal by the Brazilian government, shareholders and regulators. Companies expect another deal to close next year. It involves the creation of another joint venture, which will promote the Embraer KC-390 medium-range aircraft in the new markets. 51% of this company’s shares will be owned by Embraer, 49% - by Boeing.
Gold prices move closer to $1,800 as COVID-19 cases surpasses 10 million worldwide25.06.2020
Italy grants $7.1 billion loan to Fiat Chrysler24.06.2020
Spirit AeroSystems shares fall; the company holds discussions with Boeing24.06.2020
Dell Technologies to consider a $50 billion spinoff with VMware