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By Gabriel Araujo SAO PAULO (Reuters) - Airline lobby group IATA met with Brazilian government officials this week to discuss the high costs faced by carriers in the country, which they say have hindered President Luiz Inacio Lula da Silva's effort...
Airline lobby group IATA met with Brazilian government officials this week to discuss the high costs faced by carriers in the country, which they say have hindered President Luiz Inacio Lula da Silva's efforts to bring down airfares. The government has been keen to find ways to make airfares more affordable as ticket prices hit Brazil's main consumer inflation index. Measures so far have included credit lines to fund engine maintenance plans, and the government has previously said it was working to structure a fund of up to 6 billion reais ($1.21 billion) to help finance carriers.
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Born on February 19, 1772, died on October 23, 1848
Low-cost airlines lease 68% of their fleets, higher than the global average of 53%, with IndiGo being the biggest LCC lessee with 951 outstanding aircraft orders.