Azul borrows from OPIC

Azul borrows from OPIC

Loans Debt Brazil

Brazil's Azul said it has closed a $200m loan from the US development agency OPIC with JPMorgan as the sole coordinator. The airline will use the money to pay for engine maintenance of its Embraer E-Jet fleet at GE's Celma facility in the state of Rio de Janeiro, Azul said in a statement. OPIC had approved a loan to Azul for up to $250m in June last year, according to documents on its website. The agency disbursed the loan on February 20, according to the São Paulo​-based law firm TozziniFreir

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