Embraer and Boeing discussing a commercial aviation alliance

BRASILIA (Reuters) - Embraer SA (EMBR3.SA) and Boeing Co (BA.N) are discussing setting up a new company focused on commercial aviation but have not yet reached an accord, the Brazilian planemaker said in a Thursday securities filing.

The arrangement would exclude Embraer’s defence and “potentially” its business jet divisions from the alliance, the filing said. Reuters reported earlier in the day that a new proposal had been submitted to Brazil’s government on Tuesday but there were still issues to be ironed out.