SAO PAULO, Feb 26 (Reuters) – Brazil’s National Monetary Council (CMN) decided on Thursday to loosen conditions on loans to airlines backed by the National Civil Aviation Fund (FNAC), a public fund expected to release 4 billion reais ($778.66 million) starting in 2026.
The council is the country’s top economic policy body and is formed by three members: the finance minister, the planning and budget minister, and the central bank chief.
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Brazil’s finance ministry said the changes include expanding how airlines can access FNAC to cover services such as training for pilots and aviation workers, instead of using it only for acquiring domestically manufactured aircraft and components.
The changes also raise the financing cap for eligible items to 30% of an aircraft’s value from 10%, and explicitly allow loan proceeds to be used to secure contractual guarantees, the ministry added in a statement.
Brazil’s monetary council expands airlines’ access to public aviation fund
