U.S. Markets closed

Brazil defence minister 'certain' of Boeing-Embraer tie-up

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio

RIO DE JANEIRO (Reuters) - Brazil's Defence Minister Joaquim Silva e Luna said on Tuesday he is "certain" that planemaker Embraer (EMBR3.SA) will complete a deal for a tie-up with Boeing Co (BA.N) "this year" and that the talks are in "advanced stages."

The Boeing and Embraer partnership would create a new company in which the U.S. planemaker would have an 80.01 percent stake and the Brazilian firm 19.99 percent, Estado de S.Paulo newspaper reported last month, citing unnamed sources. That report added that this was a model supported by the Brazilian government.

(Reporting by Rodrigo Viga Gaier; Editing by Christian Plumb)