Brazil's CMN approves emergency credit line of up to R$1 billion for domestic airlines
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Summary
The National Monetary Council (CMN) of Brazil approved a resolution on Wednesday (20th) regulating an emergency credit line for airlines operating regular domestic flights in Brazil. The measure provides up to R$1 billion in financing to strengthen working capital for airlines facing rising costs, particularly due to the increase in aviation kerosene prices. This is one of the main relief measures for the airline sector announced in recent weeks.
Key quotes
· 3 pulledO Conselho Monetário Nacional (CMN) aprovou nesta quarta-feira (20) resolução que regulamenta uma nova linha emergencial de crédito para empresas que operam voos domésticos regulares no Brasil.
A medida prevê até R$ 1 bilhão em financiamentos para reforçar o capital de giro das companhias diante da alta recente dos custos do setor, especialmente do querosene de aviação.
Uma das principais medidas de socorro ao setor aéreo anunciadas nas últimas semanas sairá do papel.
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