Brazilian government is offering incentives - a 'line of credits' financing scheme, to the countries buying Brazilian defense products.
The president of the National Bank for Economic and Social Development (BNDES), Maria Sílvia Bastos Marques, announced on Tuesday during LAAD 2017, which is taking place at Rio de Janeiro that customers could receive financing of up to 25 years with a five-year grace period. Loans could cover up to 100% of the value of the sale.
As per the Brazilian Ministry of Defence’s press release, lines of credit to buyers would be offered by the Brazilian Development Bank.
The Government of Brazil considered the provision of a formal line-of-credit system as a crucial factor for boosting exports.
"These [defense industry exports] are different from the usual exports because they are done on a country-to-country basis," Marques said. "What the Brazilian government is doing, in a coordinated way, with the Ministries of Finance, Defense, Foreign Relations and all other bodies involved, is to bring international competitiveness to our industry”.
Minister Jungmann said that the scheme could help Embraer to add new KC-390 and EMB-314 Super Tucano customers.
The Brazilian air force has started testing aerial refueling capabilities of Embraers KC-390 airlifter. "Since the F-5M and KC-390 have different envelopes, it is necessary to find a third envelope, at the intersection of the between the two aircraft, to carry out refueling," Lt
The Brazilian Navy will decommission its sole aircraft carrier, A-12 Sao Paulo, purchased from France in 2000 as the modernization costs are considered excessive by the government. The ship was bought by the then-president Fernando henriquw for US $12 million,
Brazil has approved the sale of its three serviceable pre-owned Super Tucano A-29 attack aircraft to Nigeria. The acquisition of this aircraft by the Nigerian Air Force (NAF) is expected to boost its operational capabilities in tackling insurgence and militancy in the country
The UK Ministry of defense is eyeing to sell its HMS Ocean amphibious assault ship to another government. It's been reported that Brazillan naval chiefs are keen to buy the 21,500 tonne vessel, based HM Naval Base Devonport, after she is decommissioned by the Royal Navy next year, Plymouth Herald reported last Friday
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