RIO DE JANEIRO (Reuters) – Brazil’s government is not considering providing specific aid for Azul as the airline faces financial hurdles, but money from a local fund will soon be available for carriers, tourism minister Celso Sabino said on Monday. “The Brazilian government does not intent to grant any kind of benefit to a particular […]
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Brazil government not considering specific aid for airline Azul, minister says
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RIO DE JANEIRO (Reuters) – Brazil’s government is not considering providing specific aid for Azul as the airline faces financial hurdles, but money from a local fund will soon be available for carriers, tourism minister Celso Sabino said on Monday.
“The Brazilian government does not intent to grant any kind of benefit to a particular company. The government thinks of the sector as a whole,” Sabino said on the sidelines of an event in Rio de Janeiro.
The so-called “national aviation fund” is set to be ready in the first half of 2025, Sabino said, adding the move would make “billions of reais” available to local airlines.
The fund can be used to help guarantee loans for airlines to buy new aircraft and engines, he added.
(Reporting by Rodrigo Viga Gaier; Writing by Isabel Teles; Editing by Gabriel Araujo)