Air Finance Journal Copying and distributing are prohibited without permission of the publisher

2010 Deal of the Year: Middle East

08 March 2011

The Brazilian government guarantees financing for Embraer jet.

Read more: National Air Services Natixis Transport Finance Brazilian Export Credit Insurance Agency BNDES

Commercial banks have not done export credit financing for an Embraer aircraft. That is why when the E190 delivered to National Air Services (NAS) in Saudi Arabia in the last week of December, the airline, lender and Embraer celebrated a first. Using a new financing structure, an alternative to the traditional financing provided by BNDES, NAS closed a $27 million financing for one E190.

The new structure allows commercial banks to fund Embraer aircraft with a Brazilian guarantee from the Secretary of Foreign Affairs part of the Brazilian Finance Ministry.

This is how it works. The Brazilian Export Credit Insurance Agency acts on behalf of the Brazilian government to operate the official...

Latest Deals Database Updates

Thai / 04-14 / Various / 5xA320 (RFP) 16/04/2014
Latest Deal Status RFP
Overall Arrangers
Assets A320
AirAsia / 04-14 / Airc Sec Loan / 1xA320 14/04/2014
Latest Deal Status Financial close
Overall Arrangers Credit Agricole CIB
Assets A320
SriLankan / 04-14 / Murabaha / - 14/04/2014
Latest Deal Status Financial close
Amount $m150
Use of Proceeds General corporate purposes

Upcoming Events