Deals
Boeing and Embraer Likely to Reach a Deal, Brazil Defense Chief Says
- Defense chief says the planemakers are nearing an agreement
- Comments suggest a shift after ministry’s caution on the talks
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Boeing Co. and Embraer SA are getting closer to a deal, Brazil’s new defense chief said, as talks advance to forge the second global alliance between major airplane manufacturers in six months.
Negotiators are deep into intricate, three-way discussions involving the planemakers and the Brazilian government amid a politically fraught environment. The parties finally “are getting closer” to an agreement, said Defense Minister Joaquim Silva e Luna.