Boeing-Embraer Jet Venture Wins Antitrust Approval From China
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Boeing Co. and Embraer SA won unconditional antitrust approval from China for their deals to jointly manufacture small jetliners and market a military cargo jet.
China’s decision removes a significant hurdle for the plans, in which the U.S. planemaker will buy a majority stake in the commercial aircraft division of its Brazilian counterpart. But a major obstacle remains for Boeing and Embraer in the European Union, where officials halted their antitrust probe earlier this month, saying they hadn’t received enough information from the companies.