‘There is no bailout with money from the Treasury’, says Haddad about airlines

[ad_1]

Minister of Finance stated that a proposal should be presented to the sector in February. However, he ruled out an increase in primary expenses. Minister Fernando Haddad gives a press interview on December 28, 2023 REUTERS/Adriano Machado The Minister of Finance, Fernando Haddad, said this Monday (5) that a bailout for airlines “with money from the Treasury” is not under discussion. and that there should be a proposal for the sector this month. “We will better understand what is happening and there is no help with money from the Treasury. […] What is eventually on the table is to enable a restructuring of the sector, but one that does not involve primary expenditure”, he stated. The government is concerned about the financial situation of airlines, which to date have not recovered from the most acute period of the Covid-19 pandemic. 19. The situation also has an impact on the high ticket prices recorded recently. Airlines return to pre-pandemic levels, but ticket prices rise In this context, the government is working with some alternatives to help companies, such as the National Civil Aviation Fund (FNAC) and the National Bank for Economic and Social Development (BNDES). FNAC has around R$7 billion. As it is focused on airport infrastructure, the nature of the fund would have to be changed by law. In addition, granting loans With this fund, it would force the government to change the 2024 budget law. The FNAC is accounting and financial in nature with contributions to a single National Treasury account, thus helping to compose the government’s revenues to meet the fiscal target. In other words, using the fund to grant loans could conflict with the economic team’s objective of zeroing the primary deficit in 2024. Asked about the fund, Haddad stated that “it may have [socorro ao setor], but it will not involve a primary expense, we are not thinking about that.” Fuel One of the companies’ complaints is the high cost of the fuel used by aircraft, aviation kerosene (QAV). According to Haddad, the price has decreased and should not justify the value of airline tickets. “Let’s clarify here that the price of aviation kerosene fell during our government. In other words, the price of kerosene cannot be a justification for the increase in the cost of air tickets”, he declared.

[ad_2]

Source link