Embraer shareholders approve jet joint venture with Boeing

CHICAGO  — Shareholders of Brazilian aircraft maker Embraer have overwhelmingly approved spinning off the company’s commercial-airplane unit into a joint venture dominated by Boeing. Boeing will own 80 percent of the venture, which values Embraer’s commercial-aircraft business at $5.26 billion. The deal gives Boeing a big stake in Embraer’s market for smaller regional jets and […]