Brazil to Launch $690M Credit Line for Airlines in 2025
Brazil is preparing to establish a $690 million credit line by early 2025 to assist financially struggling airlines, according to Ports and Airports Minister Silvio Costa Filho. This government-backed funding initiative aims to stabilize Brazil’s aviation sector, providing crucial financial relief for airlines facing economic challenges due to fluctuating demand and increased operational costs. The initiative is expected to bolster airlines’ abilities to maintain operations, retain employees, and contribute to the country’s broader economic stability.
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