Nasair, Saudi Arabi’s only low cost carrier, has ordered 14 Embraer 190s through a first of its kind aviation finance structure in Brazil where a financial institution provided the liquidity based on a government guarantee. Natixis Transport Finance was lead arranger on the deal and provided 80% of the acquisition of the first Embraer 190 (around $34 million) based on a guarantee issued by the Brazilian government. Taher Agueel, the executive board member and financial advisor of NAS, the holding company that owns Nasair, said: “NAS is pleased to be part of this first of a kind financial innovation in
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