IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 May 2019 | Removal date: open ended

Trade finance

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).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

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