February 6, 2018 / 1:50 PM / in 10 months

BUZZ-Embraer SA: Up on Boeing's proposed tie-up for new venture

** Boeing presents a plan to Brazil’s government that would give it an 80-90 pct stake in a new venture encompassing Embraer SA’s commercial jet business

** U.S.-listed shares of the Brazilian planemaker up 2.52 pct at $26.09 in premarket while Brazil-listed stock up ~2 pct, Boeing shares down 3.61 pct at $317

** Plan would allow Boeing to take over Embraer’s commercial operations, excluding the defense unit

** Boeing’s tie-up with Embraer would give it a leading share of the 70- to 130-seat market, meaning stiffer competition for Bombardier and Airbus SE’s joint CSeries program

** U.S.-listed shares of Embraer climbed 24.3 pct in 2017 (Reporting by Shreyashi Sanyal in Bengaluru)

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