en.Wedoany.com Reported - The management committee of Brazil's National Civil Aviation Fund (Fnac) approved on the 22nd a financing plan totaling 13.56 billion reais to support the country's airlines, marking the largest credit support in the fund's history.

Under the plan, 8 billion reais will be disbursed as emergency working capital loans. Gol, Latam, and Azul can each apply for up to 2.5 billion reais, while Abaeté can receive up to 80 million reais. The loans have a maximum term of 60 months, an annual interest rate of 4%, a grace period of up to 12 months, and prohibit dividend distributions by the companies during the contract period.

The committee also approved 5.56 billion reais for long-term investment projects. In this category, Gol, Latam, and Azul can each finance up to 1.8 billion reais for the modernization and expansion of their operations. These funds can be used to purchase Brazilian-produced sustainable aviation fuel (SAF), aircraft and engine maintenance, acquisition of new aircraft, advance payments to manufacturers, and investment in logistics infrastructure and aviation operational support equipment. The annual interest rates for long-term loans vary by project purpose: 6.5% for purchasing SAF and investing in logistics infrastructure, 7% for aircraft and engine maintenance, and 7.5% for purchasing aircraft.

As a condition for receiving long-term loans, the relevant airlines must increase flight supply in strategic national integration regions. Specifically, they must raise the proportion of flight frequencies in the Legal Amazon region and the Northeast region by 15%, or ensure that at least 17.5% of their annual takeoffs and landings occur in these regions. These targets must be achieved within 24 months and maintained for at least one year.

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