Brazil approves Boeing-Embraer partnership, committing to keep local jobs
The deal still must now be voted on by Embraer's private shareholders within the next 30 days, but winning the backing of Brazil's government was its biggest hurdle. The move might appease union workers and politicians who had raised concerns that, if the deal went through, Boeing would then try to slash jobs. The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer EMBR-BR and Boeing BA to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation.