BNDES extends deadline for financing AS350s bought from Helibras

BNDES extends deadline for financing AS350s bought from Helibras

25-May-2010 Source:

Brazil’s Banco Nacional de Desenvolvimento Economico e Social (BNDES) has extended its “FINAME” finance offering until the end of the year for the purchase of AS350 helicopters from local manufacturer Helibras.  FINAME is short for Financiamento para Aquisição de Máquinas e Equipamentos Industriais, literally “Financing for Acquisition of Industrial Machinery and Equipment”.

This line of BNDES financing is unique to the AS350, since the for the squirrel model, since the aircraft is the one whose index of nationalization is compatible with the program – one of the rules of the institution for the credit.

The Civil Sales Manager at Helibras, Arthur Rhine, said that the acquisition through the Finame program is a very attractive option, offering an interest rate of 4.5% to the end of June and 5.5% from July until December, with payment in 10 years and grace period of 6 months after delivery of the goods – against the financing pattern, over which a rate of 4% over the long-term TJLP interest rate – or “base rate” as it is known in some countries.

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