Boeing Buys Embraer - Kinda, Not Really

Boeing is taking over Embraer's commercial aircraft operations, kinda through a joint venture. I guess it was cheaper than designing a new aircraft like the 717 and smaller than the 737-700. This is a response to Airbus taking over the C-Series aircraft. It's all confusing, but blank sheet aircraft design for Airbus and Boeing is only for wide bodies these days.