The National Bank for Economic and Social Development (BNDES) approved the financing of ten Embraer E195-E2 commercial jets for Azul Linhas Aéreas. The operation, worth around R$1,9 billion, will expand the company's air transport capacity.
This is the largest aircraft acquisition operation carried out directly between BNDES and Azul Linhas Aéreas. In 2009, seven aircraft were financed, worth around R$360 million, and in 2010, six aircraft, worth around R$330 million.
According to the president of BNDES, Aloizio Mercadante, historically, countries with cutting-edge aeronautical industries finance their national manufacturers on a permanent basis, through development banks and export credit agencies. “In Brazil, this role is played by BNDES. Azul’s acquisition of Embraer aircraft strengthens the national economy, generating tax collection here, in addition to qualified jobs and income in Brazil, central objectives of President Lula’s government’s development policy,” he stated.
BNDES also s Embraer in its innovation investment plan. In February this year, the Bank approved financing worth R$500 million, through BNDES Mais Inovação, for the company to develop new products, processes and digital technologies for gains in efficiency, productivity and also for sustainable air mobility, with a focus on energy transition and reducing carbon emissions.
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Street: BNDES
