Embraer Jumps With Boeing Deal Talks in Final Stage
- Brazil president is said to endorse partnership in principle
- Accord will potentially be completed within weeks, person says
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Embraer SA jumped the most in two months as its proposed commercial-jet venture with Boeing Co. cleared a major hurdle.
Brazilian President Michel Temer has endorsed the partnership in principle, said a person familiar with the discussions, a crucial step since the Brazilian government has veto power over any Embraer tie-up. The talks will potentially conclude within weeks, said a second person, who asked not be named because the discussions are private.