Brazil’s Embraer confirms in talks with BNDES, domestic and foreign banks over financing support

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA is in talks with national development bank BNDES and some domestic and foreign banks over a support package, with the talks focused on raising working capital for exports, it said in a statement on Thursday.

Embraer is seeking credit lines of between $1 billion and $1.5 billion after a deal with Boeing Co fell through, and has hired Itau BBA, the investment banking unit of Itau Unibanco Holding SA , to help with talks, sources told Reuters.

(Reporting by Paula Arend Laier; writing by Jamie McGeever; editing by Jason Neely)