Proceeds from the loan would be used as working capital and export finance, the sources said, asking for anonymity because the negotiations remain private. Embraer may also be included in a relief program for national airlines affected by the COVID-19 pandemic, they said.
“Embraer was not contemplated in our efforts to help the airline industry. ... Then there was the issue with Boeing and it became a candidate” for support, one of the sources told Reuters.
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