Brazilian airlines need up to R$36bn to expand fleet and capacity (Newspaper Valor Econômico)
The ability to generate cash to operate with positive return margins will be crucial for Brazilian airlines seeking funds in the capital markets, which can be twice the amount raised by the industry between 2005 and 2012...
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http://www.valor.com.br/international/brief/3207138/brazilian-airlines-need-r36bn-expand-fleet-and-capacity#ixzz2bTrxSJUy
Quoting Delicato Consultoria Managing Director on the portuguese version of this news: "A significant part of these resources should come from development banks and from aircraft manufacturers partner institutions," says consultant Fulvio Delicato, of the Delicato Consulting. "But part of that will come from the capital market."
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Source: Valor Ecoonômico - 23/07/2013 - By João José Oliveira | From São Paulo