Boeing and Embraer announced a strategic partnership on July 5 to create a joint venture (JV) comprising Embraer’s commercial aircraft and services business, and Boeing’s commercial aircraft development, production, marketing and lifecycle services operations. The companies said the partnership intends to offer “a comprehensive, highly complementary commercial aircraft portfolio that ranges from 70 seats to more than 450 seats and freighters”.
They said the JV will be responsible for the end-toend design, manufacturing and support of commercial passenger aircraft, and will be fully integrated into Boeing’s broader production and supply chain. Finalisation of the JV’s financial and operational details will continue in the coming months, the companies said, and subject to approvals the JV is expected to close by the end of next year.
Boeing and Embraer additionally intend to create another JV to promote and develop new markets and applications for defence products and services, especially the KC-390, and there will be a series of engineering, R&D and supply chain agreements.
Boeing Chairman, President and CEO Dennis Muilenburg said the JV aligned with its “longterm strategy of investing in organic growth”, while Embraer CEO and President Paulo Cesar de Souza e Silva claimed it would be “the most important strategic partnership in the aerospace industry”. Mark Broadbent