Brazil Freezes 24 Million Reais for Anac, Delaying Aircraft Certification
Updated
Updated · Bloomberg · Jun 7
Brazil Freezes 24 Million Reais for Anac, Delaying Aircraft Certification
1 articles · Updated · Bloomberg · Jun 7
Summary
Anac has slowed aircraft certification work after Brazil’s federal government blocked 24 million reais ($4.6 million) from the civil aviation regulator’s budget.
Tiago Faierstein, the agency’s president, said officials are working with the government to restore funding and restart the approval process.
The disruption threatens deliveries of new aircraft and airlines’ planned capacity increases as carriers try to meet strong travel demand.
The delays also risk worsening fleet shortages in Brazil’s aviation market, extending pressure on airlines seeking to add planes quickly.