August 30, 2018 / 6:31 PM / 22 days ago

Brazil govt to approve Embraer-Boeing deal after elections - minister

RIO DE JANEIRO, Aug 30 (Reuters) - The Brazilian government will approve the tie-up between Boeing Co and Embraer SA , which is still under President Michel Temer's mandate, but only after the October presidential elections, Brazilian Defense Ministry Joaquim Silva e Luna said on Thursday.

The U.S. plane maker announced in early July it plans to take over the commercial jet unit of Embraer in a proposed $4.75 billion joint venture. Boeing would have an 80 percent stake in the venture.

Silva e Luna said the government plans to approve the deal only after the October elections to avoid stirring debate among the candidates, but he considers the tie-up a "good deal." (Reporting by Rodrigo Viga Gaier Editing by Jeffrey Benkoe)

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