SAO PAULO (Reuters) - Shareholders of Brazilian planemaker Embraer SA on Tuesday approved a deal to sell 80 percent of the company's commercial jet division to Boeing (NYSE:BA) Co, a move that could reshape the global market for aircraft of up to 150 seats.
Boeing made its bid following a similar deal between Airbus SE and Canada's Bomardier Inc, which saw the European planemaker take a majority stake in the C Series jets, which compete directly with Embraer.