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Chamber of Deputies approves basic text of the Provisional Measure for financial aid to airlines

On 07/07, in a symbolic vote, the Chamber of Deputies approved the basic text of Provisional Measure 925, which establishes a financial bailout for airlines and reduces the release of withdrawals from the Service Guarantee Fund (FGTS) for airmen whose contracts were changed due to the pandemic. The highlights will be analyzed on 07/08. After agreement with the economic team, the PM rapporteur Deputy Arthur Maia (DEM-BA) answered a request from Caixa bank, and defined clearer limits for withdrawals from the FGTS. In the case of workers in the sector who had their work contracts suspended due to the crisis, it will be allowed to make up to six monthly withdrawals of a maximum of three minimum wages (BRL 3,135). For employees who have had their salaries reduced, the six withdrawals will be limited to one minimum wage (BRL 1,045) per month. Caixa bank requested the text to be changed because the proposal would result in a leak of around BRL 1.4MM in the fund’s reserves. For this reason, Arthur Maia limited withdrawals, which, according to him, made the impact drop to BRL 360M. The text also allows airlines to reimburse passengers who had their tickets canceled between March 19 and December 31 in up to 12 months. The amount paid must be corrected by the National Consumer Price Index (INPC). In the event of a delay of more than four hours or interruption of the flight, the passenger may also request a refund. Alternatively, the airline company may offer the consumer the option of receiving a credit equal to or greater than that paid for the airline ticket to be used within 18 months to purchase products or services offered by the airline. In addition to this possibility, the passenger may also be offered accommodation options on another flight of the company or another company, or the rescheduling of the airline ticket to another date, free of charge. – – https://valor.globo.com/politica/noticia/2020/07/07/camara-aprova-texto-base-de-mp-de-socorro-financeiro-as-aereas.ghtml