BNDES approves funding of $85 mn for aircraft exports

The National Bank for Economic and Social Development (BNDES) has approved funding of BRL 450 million ($85 mm) for the export of Brazilian aircraft produced by Embraer to US airline SkyWest Airlines. The release is through the BNDES Exim Post-shipment credit line, and the operation is guaranteed by credit insurance called Aircraft Non-Payment Insurance (ANPI), operated by the private insurance consortium Aircraft Finance Insurance Consortium (AFIC).

Source: Money Times