Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Brazil's Embraer to get $413 million BNDES financing for aircraft production, exports

Published 11/14/2022, 06:32 AM
Updated 11/14/2022, 06:36 AM
© Reuters. FILE PHOTO: Brazilian aircraft manufacturer Embraer unveils its new regional jet E-175, in Sao Jose dos Campos, north of Sao Paulo March 12, 2014.  REUTERS/Paulo Whitaker/File Photo

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (NYSE:ERJ) said on Monday that the country's state development bank BNDES has approved a 2.2 billion real ($413.15 million) credit line to finance the firm's commercial aircraft production and exports.

The move comes roughly a month after Embraer announced a $650 million revolving credit facility with a group of national and international financial institutions to reinforce its liquidity.

BNDES had recently also agreed to fund exports of six Embraer E-175 jets to U.S.-based carrier SkyWest (NASDAQ:SKYW) Inc.

($1 = 5.3250 reais)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.