US Ex-Im Bank export of Delta engine maintenance services to Brazil

US federal agency The Export-Import Bank of the United States said it has approved a final commitment for a USD 45.5m loan guarantee to Brazilian airline VRG Linhas Aereas SA.

The Ex-Im Bank supported financing will support the export of engine maintenance services by Delta Airlines (NYSE: DAL) subsidiary Delta TechOps.

Under the deal, GOL engines will be shipped from Sao Paulo, Brazil to Atlanta for heavy maintenance to be performed by Delta Air Lines´ maintenance, repair, and overhaul unit.

Last April, Ex-Im Bank also approved an USD 84.8m loan guarantee to GOL to support the export of maintenance services by Delta. More than 50% of GOL´s engine maintenance is currently provided by Delta.

Ex-Im Bank approved a second final commitment for GOL to support the export of a Boeing 737-800 aircraft with attached CFM56 engines. It is estimated that this transaction will support approximately 200 jobs at Boeing and its suppliers throughout the United States.

Find out more at