Avianca secures $300 million financing from ABGF for aircraft engine maintenance services at GE Aerospace's MRO shop in Brazil.
Amount Raised
$300 Million
Round Type
Venture - Series Unknown
Investors
Description
Avianca, part of Abra Group, has entered into a financing agreement for maintenance, repair, and overhaul services for its CFM56 aircraft engines. The financing, arranged through Citibank, includes up to $300 million and marks a first for a non-Brazilian airline under this framework. This agreement enhances Avianca's flexibility in executing maintenance plans while investing in operational resilience. The move supports high-value Brazilian services and strengthens the international presence of local companies.
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Based on industry dataAvianca Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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