The big block-letter sculpture in front of the company’s headquarters proclaims “Embraer 50,” commemorating its founding on Aug. 19, 1969. But the celebrations this summer will be bittersweet. If all goes according to plan, the sprawling facility where Embraer was born will soon have a new owner and name: Boeing Brasil-Commercial.  Boeing’s $4.2 billion deal to buy an 80% stake in Embraer’s commercial business means big changes for the iconic Brazilian ...

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