BRASILIA (Reuters) - Embraer SA (SA:EMBR3) and Boeing Co (N:BA) are discussing setting up a new company focused on commercial aviation but have not yet reached an accord, the Brazilian planemaker said in a Thursday securities filing.
The arrangement would exclude Embraer's defense and "potentially" its business jet divisions from the alliance, the filing said. Reuters reported earlier in the day that a new proposal had been submitted to Brazil's government on Tuesday but there were still issues to be ironed out.