Thursday a brief statement was released by The Boeing Company and Embraer which confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion. The statement said, "There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions. Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies’ boards and Embraer’s shareholders."