BNDES Approves R$ 1.1 Billion to Boost Embraer Jet Exports

The Brazilian National Bank for Economic and Social Development (BNDES) has approved a R$1.1 billion financing package for Embraer, one of Brazil’s leading aerospace companies. The funding will support the export of eight commercial jets to Azorra, a U.S.-based company. The aircraft, models E190-E2 and E195-E2, are set for delivery starting this month and continuing through 2025.

The financing is being executed under the BNDES Exim Post-Shipment program, which allows the bank to provide upfront payments to Brazilian exporters in local currency after their products have been shipped. The international buyer, in this case, Azorra, will repay BNDES in installments in U.S. dollars.

This is the third such financing arrangement between BNDES and Embraer for aircraft intended for Azorra, a leasing company specializing in providing aircraft to commercial airlines. BNDES President Aloizio Mercadante highlighted the significance of this partnership, noting, “This year alone, BNDES has approved financing for the export of 56 Embraer aircraft to markets in the Americas, Europe, and Asia. We’ve secured contracts for commercial and military aircraft while also supporting the production of Embraer’s innovative flying car, developed with advanced technology in Brazil.”

Mercadante also emphasized the bank’s historical support, with financing for producing over 1,300 Embraer planes.

Strategic Importance for Brazil

This financial backing underscores the vital role of Brazil’s aerospace sector in driving innovation, economic growth, and international trade. It strengthens Embraer’s competitiveness in the global market while fostering technological development and high-skilled job creation in Brazil. The financing aligns with the government’s objectives to enhance industrial development and bolster the country’s global industrial footprint.

In 2024, BNDES also participated in other major projects, including a R$1.1 billion investment in the expansion of the National Cancer Institute (Inca) in Rio de Janeiro and a R$10.65 billion package for mobility infrastructure in São Paulo.

This strategic initiative reaffirms Embraer’s position as a global aerospace leader and highlights BNDES’s role in supporting key industries in Brazil’s economy.

Source: Portal N10

Sharing is caring!