Banco do Brasil signs loan agreement for GOL, Azul and Aerotaxi Abaete
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Background ✨
Brazil’s National Monetary Council previously approved an emergency BRL1 billion working-capital credit line for domestic airlines, capped at 1.6% of FY2025 gross revenue and BRL330 million per beneficiary, with a single-instalment repayment within six months of disbursement.1 Separately, Brazil’s aviation fund management committee approved access to BRL13.56 billion in National Civil Aviation Fund financing, authorising Azul, GOL and LATAM Airlines Brasil to raise up to BRL2.5 billion each and Aerotaxi Abaete up to BRL80 million on terms of up to 60 months at 4% p/a, with dividend distribution prohibited.2