Embraer SA Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing, newspaper Valor Economico reported on its website late on Wednesday. Souza e Silva, attending an event hosted by the paper, declined to elaborate on details of the agreement and described the negotiation as "complex." The two plane makers have been discussing for months a transaction in which a new company controlled by Boeing would be crea

JCPenney will sell its three corporate aircraft and associated engines and parts. The fleet consists of two Gulfstream G450s and one Gulfstream GIV-SP. JCPenney estimates the sale will reduce annual operating expenses by between $5 and $10 million. The company expects to receive approximately $20 million in cash during Fiscal Year 2018 as a result of the sale of the aircraft. An impairment charge of approximately $50 million will be incurred, a number that represents the “exp