Correio Newspaper | BNDES completes financing for the export of 32 Embraer jets

Operations, value US $ 4.5 billion, serve American Airways

The Nationwide Financial institution for Financial and Social Growth (BNDES) introduced this Friday (19), in São José dos Campos, inside São Paulo, the conclusion of the financing contract for the export of 32 Embraer industrial plane E175 to American Airways. The operation, value R$ 4.5 billion, will probably be by way of the direct line of credit score Exim Put up-shipment, which goals to market nationwide merchandise meant for export.

Throughout the announcement, President Luiz Inácio Lula da Silva highlighted the significance of Embraer to the nation. “Since I used to be president of the union, within the 80s, Embraer has been a supply of nationwide pleasure. It isn’t typically that BNDES has the braveness to lend R$4.5 billion to finance an airplane. It is a political choice, which is taken by the federal government. We’ll proceed to finance Brazilian exports, as a result of on this approach we can even finance jobs, salaries, accumulation of technological data and data”, he stated.

The president and government director of Embraer, Francisco Gomes Neto, stated that the BNDES financing will assist speed up the manufacturing and export of the corporate’s plane to American Airways.

In keeping with him, the funding “stimulates the method of Brazilian non-business, rising innovation and competitiveness of the nation. BNDES, with its strategic imaginative and prescient, has been elementary to the event of nationwide trade by way of the financing of exports, entry to working capital sources and funding in analysis and improvement”.

Earlier this yr, American Airways introduced a agency order for 90 E175 jets, with the fitting to purchase one other 43 E175 jets. The plane will probably be delivered with 76 seats. If all buy rights are exercised, the deal will exceed US$7 billion. The worth referred to agency orders included in Embraer’s order backlog within the first quarter.

Since 1997, BNDES, Embraer’s largest associate, has supported the export of greater than 1,300 plane. “That is funding that exceeds US$25 billion through the years. The upkeep of this help, below the federal government of President Lula, contributes to the Brazilian firm remaining one of many three largest on the planet within the manufacturing of plane, producing certified jobs and revenue in Brazil”, stated the president of the financial institution, Aloizio Mercadante.

Along with financing exports, BNDES can also be supporting Embraer in its innovation funding plan. In February of this yr, the establishment permitted funding value R $ 500 million, by way of the BNDES Mais Inovação program, for the event of recent merchandise by the corporate, in addition to digital processes and applied sciences for beneficial properties in effectivity, productiveness and , additionally, for the sustainability of air motion, specializing in power switch and lowering carbon emissions.

In keeping with the financial institution, nations with superior aviation industries have traditionally financed their nationwide producers completely, by way of improvement banks and export credit score companies. In Brazil, this position is performed by BNDES, which contributes to non-public financing, thus permitting Embraer to compete within the international market in the identical approach as its opponents.

Headquartered in São José dos Campos, Embraer operates within the industrial plane, government plane, protection and safety and agricultural plane sectors. The corporate not solely designs, develops, manufactures and markets plane and methods, but in addition supplies after-sales providers and help to prospects. Since its institution in 1969, Embraer has delivered greater than 9 thousand plane.

The corporate is a pacesetter within the manufacturing of economic jets with as much as 150 seats and the principle exporter of excessive worth merchandise in Brazil, with enterprise models, places of work, service distribution facilities and components, amongst different actions , in America, Africa, Asia and Europe.