AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 3 May 2019, the BNDES has approved export financing of USD 189 million to assist the local jet manufacturer, Embraer, in the exportation of E175 aeroplanes. The receiving company is American Skywest, the world's largest regional airline located in the USA.
The export operation contributes to the maintenance of 16,000 direct jobs and 80,000 indirect jobs.
This credit operation complements previous investments made by the BNDES to support the export operations of the Brazilian aircraft manufacturer, Embraer (please, see related state acts).
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