Boeing and Embraer expect to close their commercial and defense aircraft joint venture (JV) deals by year-end, now that Embraer shareholders have approved the proposals. Two-thirds of the Brazilian planemaker’s shareholders voted in an extraordinary meeting at Embraer’s headquarters in late February, with nearly 99% of them backing Boeing’s 80% takeover of Embraer’s commercial business, as well as a 49-51% JV to market Embraer’s KC-390 military airlifter. Embraer’s board already had approved the deals, and critically, Brazil’s president also announced he would not block it. Boeing agreed to pay Embraer $4.2 billion for the commercial JV. Embraer is also likely to pocket about $3.1 billion net from the commercial sale. And the military JV  could generate synergies of about $50 million per year for Embraer, including equipment procurement, the analysts say.