Apollo to provide $1.5b in funding to Embraer's customers
Brazil’s Embraer said Thursday that it signed a memorandum of understanding with Apollo Global Management to provide up to $1.5b in funding for the planemaker’s regional aircraft customers. According to a securities filing, funding would be available through Apollo’s aviation business, but Apollo could also “access additional low-cost capital across its broader investment platform.” Under the agreement, the companies also reached a deal for the sale and leaseback of six E195-E2s aircraft to Porter Airlines, which are scheduled for a 2023 delivery.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-09-16/general/apollo-to-provide-1-5b-in-funding-to-embraers-customers
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Apollo to provide $1.5b in funding to Embraer's customers
Brazil’s Embraer said Thursday that it signed a memorandum of understanding with Apollo Global Management to provide up to $1.5b in funding for the planemaker’s regional aircraft customers. According to a securities filing, funding would be available through Apollo’s aviation business, but Apollo could also “access additional low-cost capital across its broader investment platform.” Under the agreement, the companies also reached a deal for the sale and leaseback of six E195-E2s aircraft to Porter Airlines, which are scheduled for a 2023 delivery.<br/>
