top of page

The content on Breitflyte Airline News Network will always be free and won’t require a subscription.  Breitflyte.com is a participant in several affiliate advertising programs designed to provide a means for us to earn fees by linking to affiliated sites.  We may earn a commission if you click on or make a purchase through one of our links.  Thank you for supporting our affiliate advertisers. 

SkyWest Receives BNDES Financing Support for 200 Embraer Aircraft Since 1998

The Brazilian Development Bank (BNDES) has approved financing for the export of six Embraer E175 aircraft to SkyWest Airlines, the world’s largest regional carrier. Since 1998, BNDES has provided 10 different credit facilities to SkyWest, covering 200 aircraft.


Embraer E175 - Courtesy Embraer

On Monday (October 10, 2022), Embraer announced that the Brazilian Development Bank (BNDES) has approved financing for the export of six Embraer E175s, to American regional carrier SkyWest Airlines, the largest regional airline in the world. The financing, totaling R$670 million (US $129 million), will be through BNDES Exim Post-shipment with disbursements made in reals in Brazil in favor of Embraer. SkyWest will repay in U.S. dollars, generating foreign currency for Brazil. Since 1998, BNDES has provided 10 different financing facilities to SkyWest covering up to 200 aircraft, including 18 delivered EMB120s, 175 delivered E175s and seven E175s yet to be delivered.


The latest financing is the second financing tranche with BNDES for the sale of Embraer aircraft exports to SkyWest using the innovative Aircraft Financing Insurance Consortium (AFIC) offering from Marsh, the world’s leading insurance broker and risk advisor. The first financing was executed in December 2020 in the amount of R$400 million (US $74.4 million). The Aircraft Non-Payment Insurance (ANPI) policy is underwritten by AXA, AXIS Capital, SOMPO International and Fidelis Insurance. The policy provides that in the event of a default by the debtor, the insurers make all scheduled payments until the principal is repaid.


Headquartered in Brazil, Embraer is a global aerospace company and the leading manufacturer of aircraft with 70-150 seats, with more than 100 customers worldwide. The company maintains industrial units, offices and service/parts distribution centers across the Americas, Africa, Asia and Europe. Embraer has logged over 1,900 orders for their E-Jets and the company has already delivered over 1,600 of the jets to 80 customers in 50 countries. Since the company’s founding in 1969, Embraer has delivered over 8,000 aircraft. Today, an Embraer aircraft takes off on average every ten seconds, carrying over 145 million passengers annually.



Source: Embraer

Comentários


bottom of page