Avianca secures first of its kind financing from the Brazilian Agency for the Management of Guarantee Funds and Guarantees (ABGF) for Maintenance, Repair and Overhaul (MRO) services at GE Aerospace's MRO shop in Brazil
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BOGOTÁ, Colombia, Sept. 8, 2026 /PRNewswire/ -- Avianca -part of Abra Group along with Gol and Wamos-, GE Aerospace, and the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF) today announced a financing agreement supporting maintenance, repair and overhaul (MRO) services for Avianca's CFM56 aircraft engines at GE Aerospace's Celma MRO shop in Brazil The financing includes up to US$300 million arranged through Citibank and supported by Export Credit Insurance (SCE) provided by ABGF, operator of the Brazilian export credit insurance program. The structure supports the export of high-value Brazilian services and marks the first time a non-Brazilian airline has secured financing under this framework for aircraft engine maintenance services. "Maintaining a reliable and efficient fleet is fundamental to delivering the experience our customers deserve," said Felipe Gutierrez, Chief Operating Officer of Avianca. "According to Abra Group's approach to fleet synergies and growth, this agreement provides additional flexibility to execute our maintenance plans while continuing to invest in the resilience, reliability, and performance of our operation." "Supporting high-technology services performed in Brazil generates value, skilled employment and foreign exchange earnings for the country," said Maíra Madrid, President of ABGF. "By supporting transactions such...
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