Avianca secures US$300m engine maintenance financing

Avianca has finalized a significant financial agreement totaling up to US$300 million for MRO services specifically focused on its CFM56 engines. This funding will be utilized at GE Aerospace’s Celma facility, located in Brazil, which serves as the primary location for these maintenance operations. The deal was formally announced by Avianca alongside GE Aerospace and the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF). Citibank facilitated this financing arrangement, demonstrating a strong partnership between key aviation stakeholders. Export credit insurance, provided through an undisclosed entity, further secured the transaction underpinning critical engine support for Avianca's fleet.