The Brazilian National Bank for Economic and Social Development (BNDES) approved financing to Embraer S.A. for producing and exporting commercial aircraft manufactured by the company. The operation, in the order of R$2.2 billion (US$400 million), will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national goods destined for export.
BNDES operation reinforces the US$650 million revolving credit funding recently announced by Embraer with a foreign financial institutions group. The financing consummation is subject, among others, to the fulfilment of previous conditions established by BNDES and the execution of the respective contract.
“Credit operations are important for the resumption of aircraft production by Embraer at pre-Covid-19 pandemic levels and reinforce the strategic partnership between BNDES and Embraer started in 1997, consolidating BNDES support to the aeronautical industry and the export of Brazilian aircraft,” said Bruno Aranha, director of BNDES.
“The longevity of the partnership between Embraer and BNDES illustrates the strength of this relationship that stimulates Brazilian exports and benefits society. Together with other actions that we are carrying out with Brazilian and international financial institutions, this operation reinforces our credibility for access to financial resources that will contribute to executing our growth plan,” said Antonio Carlos Garcia, CFO of Embraer.
The aviation sector is considered strategic due to the high technology involved, the employment of qualified labour, and the ability to generate innovations with positive impacts on the country’s economy, in addition to being a relevant industry for guaranteeing national sovereignty through defence products. Brazil is a country that can design, manufacture, and export Commercial, Executive, Defence, and Agricultural aircraft worldwide.
Since 1997, when BNDES began to support Embraer, the bank has financed approximately US$25 billion in exports of the company’s aircraft, enabling the export of more than 1,275 units to airlines around the world. During the period, the contracted operations enabled the Brazilian manufacturer to compete in the foreign market on equal terms with its competitors.
Embraer-X, Aero-Masters sign deal for Beacon
Embraer-X signs a commercial agreement with Aero-Masters, a European MRO provider, for the use of Beacon, the maintenance coordination platform connecting resources and professionals for faster return-to-service aircraft. Aero-Masters intends to use Beacon to enhance its maintenance coordination and help more airlines keep passengers flying, simplifying communication around maintenance events of all types of aircraft models and boosting team collaboration, also improving knowledge exchange, and streamlining workflows around maintenance events. “We are excited to partner with Beacon to empower our team for better collaboration, as they offer our best-in-class maintenance services to our airline customers. The platform approach is a game-changer for us, improving team awareness of critical maintenance status, enhancing knowledge exchange, and making our operations more efficient and sustainable,” said Michal Szutkowski, CEO of Aero-Masters.
By onboarding Aero-Masters, Beacon is expanding its presence within the European MRO market, complementing Aero-Masters’ standards for service excellence to their commercial aviation customers. Being one of the first MRO companies trained on the E-Jets commercial aircraft, Aero-Masters has an active part in performing service bulletins, introducing planes to the airline fleet, and creating service centers worldwide. They can perform many C-checks on aircraft of prestigious airlines, such as KLM, BA Cityflyer, LOT Polish, FinnAir, Lufthansa, AirDolomiti, Air Bulgaria, Helvetic, Austrian, FlyBe, Air Astana, and others.
Based in Poznan, the Polish company has experience in carrying out heavy maintenance and inspections as well as in handling line maintenance. Its team can support aircraft storage and de-storage, delivery (to, from lessor or manufacturer), and entry-into-service for new start-ups. Through this partnership, Beacon’s platform will continue to expand its footprint across the commercial market, the number of aircraft served, stations supported, and support its mission to reduce out-of-service time and delays for all types of aircraft across the globe.
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