Embraer Jumps With Boeing Deal Talks in Final Stage
Embraer SA jumped the most in two months as its proposed commercial-jet venture with Boeing Co. cleared a major hurdle. Brazilian President Michel Temer has endorsed the partnership in principle, said a person familiar with the discussions, a crucial step since the Brazilian government has veto power over any Embraer tie-up. Boeing and Embraer are getting closer to a pact that would forge the second global alliance between major airplane manufacturers.