ABEAR (Brazilian carriers' association) stated (27-Nov-2019) the Brazilian Government's decision to tax 1.5% of the tax already paid for leasing of aircraft and engines goes against aviation stimulation initiatives. The tax could generate an additional BRL79 million (USD18.5 million) cost to the industry in 2020. [more - original PR - Portuguese]
ABEAR: New tax on leasing against aviation stimulation initiatives
27 November, 2019