January 11, 2019 / 9:42 PM / 7 months ago

Embraer board OKs next steps on partnership with Boeing - filing

FILE PHOTO: The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) on Friday said its board has authorised the company to take steps towards implementing a proposed partnership with Boeing Co (BA.N), after receiving consent from Brasilia.

Embraer’s board authorised management to sign the master transaction agreement related to the partnership on commercial aviation, as well as the contribution agreement to create the joint venture that will manage development of the KC-390 aircraft.

Reporting by Marcelo Teixeira

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