CMN Resolution No. 5,305 — Establishes Conditions for Working Capital Financing for Regular Air Service Providers

Resolution No. 5,305

CMN RESOLUTION NO. 5,305,
OF MAY 20, 2026

Establishes the conditions for granting financing intended for working capital to providers of regular air services, in accordance with Article 21 of Provisional Measure No. 1,349, of April 7, 2026.

The
Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on May 20, 2026, based on the provisions of Article 4, main text , item VI, of Law No. 4,595, of December 31, 1964, and Article 21 of Provisional Measure No. 1,349, of April 7, 2026,

R E S O L V E D:

Art. 1º
The conditions for granting financing intended for working capital to providers of regular domestic air transport services are established, during the 2026 fiscal year, up to a global amount of R$1,000,000,000.00 (one billion reais), in accordance with Article 21 of Provisional Measure No. 1,349, of April 7, 2026.

Art. 2º
The financings referred to in this Resolution are intended for working capital and shall observe the following conditions:

I - beneficiaries: private legal entities providing regular domestic air transport services, according to a list to be made available by the Ministry of Ports and Airports;

II - financing limit: an amount equivalent to 1.6% (one and six-tenths percent) of the annual gross revenue of the 2025 fiscal year of the company or economic group, limited to R$330,000,000.00 (three hundred and thirty million reais) per company or economic group;

III - financial charges:

a) in a normal situation, rates equivalent to 100% (one hundred percent) of the average rate of Interbank Deposit Certificates – CDIs, calculated on business days; or

b) in case of default:

1. charges provided for
   in item "a";

2. default interest of
   1% (one percent) per month, or fraction; and

3. a fine of 2% (two percent), applicable, in partial payments, to the amortized values and, in final settlement, to the outstanding balance; and

IV - repayment term: up to six months, counted from the disbursement of funds, in a single installment on the agreed maturity date.

§ 1º The financings referred to in this Resolution shall be operationalized by Banco do Brasil S.A., in the capacity of service provider contracted by the Union, in accordance with Article 21, § 1º, of Provisional Measure No. 1,349, of April 7, 2026.

§ 2º The release of funds must occur by June 28, 2026, into a deposit account of the borrower maintained at the financial institution providing services, in a single installment, with partial or fractional releases prohibited.

§ 3º The granting of the financing referred to in this Resolution is conditioned upon declarations by the borrowers of:

I - absence of impediments of any nature for contracting the operations, including those arising from agreements or judicial or extrajudicial procedures, national or international;

II - negative impacts of fuel price increases, resulting from geopolitical tensions in the international oil market, on the company;

III - negative impacts on its operational capacity in the absence of this financing line; and

IV - existence of compatibility between expected cash inflows and assumed obligations.

§ 4º It is the exclusive responsibility of the borrowers to verify the truthfulness of the declarations referred to in § 3º, which shall become part of the financing contract, in accordance with the internal normative acts of the financial institution providing services.

Art. 3º
This Resolution enters into force on the date of its publication.

GABRIEL MURICCA
GALÍPOLO
President of the Central Bank of Brazil