Deprecated: Creation of dynamic property GD_SEV_Plugin::$__FILE__ is deprecated in /var/www/wp-content/plugins/search-engine-visibility/classes/plugin.php on line 19

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121

Deprecated: Creation of dynamic property Auto_Robot::$auto_robot is deprecated in /var/www/wp-content/plugins/auto-robot-premium/auto-robot.php on line 113
Embraer to receive $600 million loan, partly backed by government, due to coronavirus – News On Media

Thu. Jan 15th, 2026

Embraer to receive $600 million loan, partly backed by government, due to coronavirus

ByNews Videos

Jun 15, 2020 #Aerospace / Defense (Legacy), #Aerospace and Defense (TRBC), #Americas, #Brazil, #Company News, #coronavirus, #EMBRAER, #Emerging Market Countries, #Health, #Industrial Goods (TRBC), #Industrials (TRBC), #South America / Central America, #US

[ad_1]

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

SAO PAULO (Reuters) – Planemaker Embraer said on Monday it will receive a $600 million loan, financed partly by Brazil’s government, to help the company weather the coronavirus crisis that has ravaged the air travel industry.

Embraer had been lobbying for the loan since April, when a crucial deal with Boeing Co (BA.N) fell apart, leaving the Brazilian planemaker looking for new sources of liquidity. The loan will mature in four years.

Reporting by Marcelo Rochabrun; Editing by Chris Reese

Our Standards:The Thomson Reuters Trust Principles.

[ad_2]

Source link