The budgetary commission of the Venezuelan parliament has approved government guarantees that will allow state-owned airline Conviasa to proceed with the order of up to 20 Embraer 190s through the Brazilian BNDES export finance scheme.
According to a source in Venezuela's ministry of marine and air transport, the parliamentary commission has authorised guarantees of $390 million, but could not say how many aircraft would be covered. The amount coincides neither with the list price of the six aircraft on firm order, but could be an indication that the 14 options are on their way to be converted into firm orders.
Conviasa, which has already received the first two aircraft, plans to use the Embraer fleet to increase its presence in international markets. According to a Conviasa source, the airline plans to open new destinations in Colombia and start flying to Guayaquil (Ecuador), Managua (Nicaragua), Manaus (Brazil) and destinations in Bolivia and Mexico.