Home-InternationalSINDAG Endorses Manifesto

SINDAG Endorses Manifesto

A broad coalition of aviation interests has issued a manifesto opposing the proposed loss of a 30-year exemption from Brazilian import duties and several other VAT-type assessments, which would raise the industry’s tax burden by an estimated $955 million. A legislative committee added the change to a broad tax reform bill promised during the presidential campaign. The taxes would apply to imports and sales in the domestic market for aircraft, spare parts, and maintenance services, and for import duties. Sixty percent of the cost would fall on airlines and cargo carriers, and the rest on general and agricultural aviation.

The manifesto argues that the moment is inopportune, given the severe effect of the pandemic on aviation, which suffered a 60 percent drop in revenue in Brazil. International passenger service remains below 20 percent of pre-pandemic levels and analysts don’t expect a full recovery until 2023. The current unfavorable exchange rate of the Brazilian real represents an additional strain for an industry that calculates 50 percent of its costs in dollars.

Read More at www.ainonline.com

RELATED ARTICLES

CURRENT ISSUE

CLASSIFIEDS

  • Full-Time Air Tractor Pilot Need Immediately!Full-Time Air Tractor Pilot Need Immediately!
    Established South Central operation looking for a full-time Air Tractor pilot to begin immediately. Brand new planes! Must have a great work ethic! Email resume and references to blindads@agairupdate.[...] Read more »
  • Looking For An Opportunity To Move Into A SeatLooking For An Opportunity To Move Into A Seat
    Looking for an opportunity to move into a seat. I have good experience loading, having worked for a reputable operator in Southern Idaho for 10 months. Growing up on a ranch and working as a herdsman/[...] Read more »
  • 2013 S2R/T-34 Thrush, N3043V2013 S2R/T-34 Thrush, N3043V
    2013 S2R/T-34 Thrush, N3043V, TTAE 3244, Engine TT Since Hot Section 211.0, Prop SIRAN 211.0, SATLOC Bantam, Flow Control, A/C and Heat, Lane Electric Fan and Brake, VG's, Smoker, CP11 Nozzles. The ai[...] Read more »

Most Popular

X