Brazil aid to airlines on the way, says airports minister
By Luciana Magalhaes
SAO PAULO, Nov 8 (Reuters) -A Brazilian government-backed credit line for struggling airlines should be ready by early 2025, helping the industry ride out a bumpy stretch for big carriers, Ports and Airports Minister Silvio Costa Filho told Reuters.
Gol Linhas Aereas GOLL4.SA, which is negotiating its exit from bankruptcy protection, and Azul AZUL, which recently renegotiated debts to raise fresh capital, are both in talks with the government about the credit, Costa Filho said.
"Our expectation is to have these operations no later than in the first three or four months," the minister said, adding that the final details of the program may clear the lower house of Congress as soon as next week.
The aid package, currently set at 4 billion reais ($690 million), would use resources from the National Civil Aviation Fund, for loans issued by state development bank BNDES.
Azul confirmed it is in talks with the government about the credit line. Gol did not immediately comment.
Gol reached a restructuring agreement this month that will likely get the company out of Chapter 11 next year. Azul struck a deal with creditors to raise as much as $500 million, making it the only major Brazilian carrier to avoid Chapter 11 since the coronavirus pandemic.
Costa Filho said the government support has been needed since the pandemic. "Unlike other countries, Brazil did not immediately help the airlines."
Regarding rumors of a potential tie-up between Gol and Azul, the minister said he saw nothing underway.
"Today I don't feel there's anything concrete regarding the merger of these two companies," he said.
Azul said discussion of a possible business combination are ongoing. Gol did not immediately comment.
Reporting by Luciana Magalhaes
Editing by Brad Haynes and Bill Berkrot
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
