SÃO PAULO, May 21 (Reuters) – The National Monetary Council (CMN) approved a resolution that establishes the conditions for granting up to R$1 billion in financing for the working capital of Brazilian airlines, the Ministry of Ports and Airports said on Thursday.
According to the ministry, the measure — announced in April and implemented through a provisional measure — is part of the federal government’s set of actions to support the airline sector in the face of the rise in the price of aviation kerosene (QAv) amid the impacts generated by the war in the Middle East.
The resolution, approved on Wednesday, provides that the operations will have a period of up to six months for payment, a rate equivalent to 100% of the CDI and a financing limit corresponding to up to 1.6% of the 2025 gross annual revenue of each company, limited to R$330 million, stated the ministry.
Opportunity with security!
The resources will be managed by Banco do Brasil (), with credit risk fully assumed by the Union.
The CMN is made up of the Minister of Finance, Dario Durigan, the President of the Central Bank, Gabriel Galípolo, and the Minister of Planning and Budget, Bruno Moretti.
