Credit analysts say Boeing’s purchase of most of Embraer’s commercial aircraft business (and rights to sell military KC-390s) may be a boon to the US manufacturer, but the Brazilian company will be left with a weaker profile for the near future. “If the transaction is completed as proposed, Embraer’s business will be narrowed to its executive jet and defense units, which have lower margins and higher volatility than the commercial aviation division,” S&P ...

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