A Chinese antitrust regulator has approved Boeing Co’s deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer , according to a statement on the regulator’s website. The Boeing-Embraer deal appears on a list dated Nov. 19 of transactions “approved unconditionally” that is posted to the website of the Chinese State Administration for Market Regulation’s anti-monopoly department. Boeing, the world’s largest planemaker, has been seeking to finalize its purchase of 80% of Embraer’s commercial jet division in a bid to compete with Europe’s Airbus in the market for planes with fewer …read more
Source:: Yahoo Finance
