Government help for airlines may come through Provisional Measure

Government help for airlines may come through Provisional Measure
Government help for airlines may come through Provisional Measure
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Possible help from the federal government for financing airlines may come through a Provisional Measure (MP).

Photo by Junot – Depositphotos

The MP may be edited by Planalto in the coming weeks and will be focused on the use of BNDES to finance Brazilian airlines, mainly Azul and GOL, which are in a more delicate financial situation.

The state bank had already stated that it does not provide credit because its analysis puts airlines at a high risk of default and is limited to promoting financing or leasing of some new planes sold by Embraer, with a real guarantee.

Now the government would be proposing to place the National Civil Aviation Fund, FNAC, which has its resources collected through airport taxes, as a guarantor for loans that can be offered by BNDES to airlines, according to Bloomberg.

The expectation is that the amount made available will reach up to R$5 billion and will be used mainly for fleet renewal, as well as cash flow and payment of air navigation fees.

Planalto has not officially commented on the matter, but everything is expected to be defined by the end of February, also with the aim of not postponing the launch of the Voa Brasil Program with air tickets for R$200 again.

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