Brazilian planemaker Embraer SA , the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo
The loans will finance production to meet demand for passenger planes and executive jets, they said speaking on condition they were not named. “No one knows what the future holds in store for commercial aviation, but with less people flying it could well be an era of smaller planes and private aircraft,” the source added, pointing to Embraer’s forte as a leading maker of regional jets.
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