Avianca has secured up to US$300 million in financing to support MRO services for its CFM56 engines at GE Aerospace’s Celma facility in Brazil.
The agreement, announced by Avianca, GE Aerospace and the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF), was arranged through Citibank and backed by export credit insurance provided by ABGF.
The financing supports the export of high-value Brazilian services and marks the first time a non-Brazilian airline has secured funding under the framework for aircraft engine maintenance services.
Avianca, part of the Abra Group alongside Gol and Wamos, said the agreement would provide greater
