January 26, 2021 |
Brazilian aircraft manufacturer Embraer has tapped a BRL450 million ($82.3 million) credit line offered by national development bank BNDES to sign an agreement to supply four E175 aircraft to US airline SkyWest Airlines.
BNDES provided the loan through its Exim Post-Shipment credit line backed by credit insurance from the Aircraft Finance Insurance Consortium (AFIC), the development bank said in a press release on Monday.
The loan is the first to be provided through the credit line and the first
Brazilian aircraft manufacturer made use of new BNDES credit line to supply four E175 planes to US carrier