translated from Spanish: Minister of Economy to Latam: “Governments don’t lend money”

“The global aviation industry is very shocked, there are international companies that will cease to exist. Latam is in a complex situation, just like Jetsmart and Sky but it is not the only industry in Chile, there are different sizes, small and medium. There’s a priority issue, where we’re going to start helping. There are many companies that if we do not generate the aid pipelines, I am talking about small and medium-sized enterprises,” Economy Minister Lucas Palacios said this morning. What I think is that all these big companies, the first doors they have to touch is with respect to the traditional ducts before asking for help in our case. Latam is a major company, which has international capital and quite a lot of international capital,” radio Universo said, “Asked if the banks were referring to the partners, he responded: “touching conventional doors, governments don’t lend money, which do is to generate facilities so that the financial sector, through guarantees of the State can deliver resources with greater support. You have to see well when you decide in the rest of the countries are helping airlines, (…) there are measures that one can facilitate but very different from that is to ask for a ticket so long that today it needs so many people.” What interests us most is avoiding layoffs,” he continued. “In Latam there are 13 thousand direct employees and several indirect, we are concerned but we must not lose sight that this situation is going to last several months, it will affect many people, especially people who do not have financial backs to ask for a loan or endure a month without sales because they just don’t make it to the end of the month, you have to put things to their fair measure. We are interested in all industries but above all the smaller ones with no backs.”

Original source in Spanish