Reported 16 days ago
Brazil's Ports and Airports Minister, Silvio Costa Filho, announced that a government-backed credit line for struggling airlines is expected to be finalized by early 2025. The aid package, amounting to 4 billion reais ($690 million), aims to assist large carriers like Gol Linhas Aereas and Azul as they navigate financial challenges post-pandemic. While negotiations are ongoing, Costa Filho emphasized the necessity of government support, which was delayed compared to other countries, and dismissed rumors of a merger between Gol and Azul.
Source: YAHOO