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A GOL 737-700 taxies in Porto Alegre, Brazil. (Photo: AirlineGeeks | João Machado)

Bailout for Brazilian Airlines Likely to Be Confirmed Next Week

After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over the country's airline industry, just as in the rest of the world, causing bookings to plummet and sending cancellations skyrocketing. In Brazil, domestic demand started feeling the hit during the…