The Brazilian Aeronautical Company S/A (Embraer) will receive payment of R$1.1 billion, through the National Bank for Economic and Social Development (BNDES), for the export of eight commercial jets to the North American company Azorra. The E190-E2 and E195-E2 aircraft will be delivered starting this month and throughout 2025 by the manufacturer located in São José dos Campos (SP).
BNDES financing is provided through the BNDES Exim Post-Shipment program, in which the Brazilian bank advances part of the payment to the exporting company, in reais, as soon as the product is exported.
BNDES then receives payment, in installments and in dollars, from the foreign importer.
Financing
This is the third BNDES financing of E2 family aircraft to the company Azorra, which specializes in acquiring aircraft and leasing them to commercial airlines.
“This year alone, BNDES approved financing for the export of 56 Embraer aircraft to different markets in the Americas, Europe and Asia. We closed new contracts for commercial and military aircraft. [O banco] It is also supporting the production of the company’s flying car, with a factory in Brazil and high technological production. These are financings that prove the effectiveness of autonomous, rapid and transparent action [da instituição]. In history, BNDES has already supported the production of more than 1,300 of the company’s aircraft,” said the bank’s president, Aloizio Mercadante, in a press release.
