SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (SA:EMBR3) 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 (N:BA) fell through, and has hired Itau BBA, the investment banking unit of Itau Unibanco Holding SA (SA:ITUB4), to help with talks, sources told Reuters.