Report: Boeing, Embraer to form commercial jet JV company

|About: The Boeing Company (BA)|By:, SA News Editor

Embraer (ERJ +2.8%) is higher following a report that it will join with Boeing (BA -0.8%) to create a third company that would oversee a joint venture for commercial jets.

Brazil's Globo TV reported that the Brazilian planemaker had accepted a proposal from Boeing to form a third company, and that the new entity would not involve ERJ’s military division.

A Brazil-based spokesperson for Boeing now says the structure of a potential tie-up with ERJ was “still being studied” and nothing about a possible partnership had been defined.

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