ANNOUNCEMENT 03 May 2019

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) has approved the export financing of E-175 aeroplanes manufactured by Embraer.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

National Bank for Economic and Social Development of Brazil. O banco nacional do desenvolvimento. "Embraer exporta aviões para amaior companhia aérea regional do mundo com financiamento do BNDES" de 03/05/2019. Available at: https://agenciadenoticias.bndes.gov.br/detalhe/noticia/Embraer-exporta-avioes-para-a-maior-companhia-aerea-regional-do-mundo-com-financiamento-do-BNDES/

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).

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