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

Xiamen / 04-14 / Airc Sec Loan / 2x737 23/04/2014
Latest Deal Status Finance mandated
Overall Arrangers CMB Leasing
Assets 737-800
Qantas / 04-14 / JOLCO / 1x787 23/04/2014
Latest Deal Status Financial close
Overall Arrangers DBS, Credit Agricole CIB
Assets 787-8
Air China / 04-14 / ExIm Guarant bond / 2x737 23/04/2014
Latest Deal Status Financial close
Amount $m124
Assets 737-900ER

Contact us



Upcoming Events