The government led by Luiz Inácio Lula da Silva has announced a series of changes to the lending rules for airlines benefitting from the National Civil Aviation Fund (FNAC). This decision, taken during a meeting of the National Monetary Council (CMN), aims to enhance the accessibility of financing for airlines amidst ongoing challenges in the aviation sector. Notable adjustments include increased flexibility in how funds can be used, particularly shifting from strict regulations to more practical ones that address the immediate needs of airlines.

One of the key changes is the increase in the allowable expenditure for purchasing engines, parts, and other components needed for aircraft, which can now account for up to 30% of the financed amount. Additionally, airlines will be permitted to allocate funds toward training and professional development, an area that was previously capped at 10% of the total financing amount. These adjustments are expected to facilitate better resource allocation for airlines, allowing them to improve operational efficiency and service quality.

This initiative reflects the government's intent to bolster the aviation industry as it continues to recover from the impacts of the COVID-19 pandemic and other economic pressures. By revising the FNAC lending rules, the administration under Lula aims to not only support the airlines financially but also enhance the capabilities of their workforce, thereby ensuring long-term sustainability and competitiveness in the sector.