The Government of Guatemala had to pay $600K for canceling a loan granted by the BNDES in Brazil to buy aircraft from Embraer, another Brazilian company.
S21.com reports that "The government paid $595,461.22 on 19 February because it did not confirm the adquistion of a $133 million loan from the National Bank for Economic and Social Development (BNDES) for the purchase of six A-29 Super Tucano aircraft."
The Panamanian airline raised investment plans for 2011-2012 between $200 and $ 300 million.
Pedro Heibron, Chief Executive Officer made the announcement, raising the projected capital expenditure from initial $ 150 million.
American Economy reports on their web site, "The company could announce new orders for Boeing jets, said Heilbron, and fund these investments with loans from the Export-Import Bank of United States, other commercial banks or from to their own resources."
The company Embraer could install a plane factory in Panama.
This was reported by Industry and Commerce Ministry Roberto Herníquez, when he was speaking about a recent trade mission by 140 Brazilian businessmen.
Prensa.com published related comments from Panama's vice president Juan Carlos Varela: "There are many Brazilian companies interested in establishing in our country, and also Brazilian banks are interested in financing infrastructure projects".
According to Embraer, in a press release, "the selection of Agricultural Distributor of Guatemala, S.A. (Disagro), and its experience in the region's market, will contribute to providing Central American clients with Embraer's category of international airplanes.
The order worth some $375 million includes eleven E-190 planes, pilot and technical training, as well as the adaptation for the maintenance of the aircrafts.
The huge Brazilian plane maker, Empresa Brasileira de Aeronautica S.A. (Embraer), delivered the pane to TACA on Friday. It is the first of 11 E-190 jets ordered last year by the Central American airline.
The airline's newest destinations, for which flights will begin in the next two months, will be done using 11 new Embraer E190 jets.
Starting October 15, TACA will begin to fly from San Jose, Costa Rica to Havana, Cuba and to Panama with the first Embraer E190 jet that will join its fleet, according to a press release from the airline.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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