Reported 4 months ago
Brazil's government has proposed an aid plan for the airline industry that involves talks with Azul SA, Gol Linhas Aereas Inteligentes SA, and Latam Airlines Group, with President Lula's team aiming for compensation from the airlines in exchange for assistance. The plan entails a permanent credit line using 7 billion reais from Brazil's national civil aviation fund to back loans for aircraft purchases, amid negotiations on interest rates. While the rescue package may not immediately affect airfares, it could benefit Azul more than Latam and Gol due to differing debt loads and financial conditions.
Source: YAHOO