Avianca Secures $300M Citibank Loan for GE Engine MRO in Brazil
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Bogotá – September 8, 2026 -- Avianca has secured financing of up to US$300 million arranged through Citibank and backed by Brazil's Export Credit Insurance program (SCE) to fund maintenance, repair and overhaul work on its CFM56 aircraft engines at GE Aerospace's Celma MRO facility in Brazil.
Deal marks first non-Brazilian airline financing under ABGF's export credit framework
The transaction, structured with support from the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF), is the first instance of a non-Brazilian carrier accessing this financing mechanism for aircraft engine maintenance services. The structure is designed to support the export of high-value Brazilian technical services.