Brazil defense ministry opposes giving up Embraer control to Boeing

(Reuters) - Brazil's defense minister voiced opposition on Thursday to selling control in Embraer SA to Boeing Co , saying the defense operations of the Brazilian planemaker cannot be separated from the commercial business. Boeing and Embraer said last week they were discussing a "potential combination", in a move that would consolidate a global passenger jet duopoly provided Brazil's government gives its blessing. Defense Minister Raul Jungmann said on Thursday the ministry was concerned that the negotiations between the aerospace companies had advanced without its knowledge.

from Yahoo News - Latest News & Headlines http://ift.tt/2lguyPv