Brazilian aircraft manufacturer Embraer says it secured $600 million in export financing and loans , as it deals with the fallout of the coronavirus crisis and the scuppered tie-up with Boeing. The San Jose dos Campos-based planemaker says about half of the cash will be financed via the Brazilian […]
The announcement comes after the top two aircraft manufacturers, Airbus and Boeing, were able to secure their own bailout packages. Last week, the French government stepped in to deliver an aerospace financial aid package for Airbus and its suppliers worth about €15 billion ($17 billion), while Boeing received assistance indirectly through a nearly $60 billion US government aid package to US airlines. Also, the US government’s purchase of billions in corporate bonds bolstered credit markets and preceded Boeing’s May issuance of $25 billion in bonds.
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