Avianca secures US$300M credit line with Brazilian export guarantee for engine MRO

Avianca, part of Grupo Abra, obtained a US$300 million credit line backed by Brazil's ABGF export credit insurance to fund CFM56 engine MRO at GE Aerospace's Celma unit in Brazil. This is the first time a non-Brazilian airline has used Brazil's SCE program, expanding the scope of Brazilian export financing. The deal strengthens Avianca's fleet maintenance capacity and deepens Brazil's role in regional aviation services.