The Boeing Company and Brazilian aerospace conglomerate Embraer have confirmed that the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.

There is no guarantee a transaction will result from these discussions, a Boeing statement said.

Boeing and Embraer do not intend to make any additional comments regarding these discussions, it added.

Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies’ boards and Embraer’s shareholders, according to the statement. – TradeArabia News Service