France and Brazil signed an agreement in Paris on Tuesday (September 19) under which France is to provide a quarter of the finance for a 320-million-franc (GBP26-million-sterling) internal air service in Brazil.
GV PAN Finance Ministry.
SV INT. Finance Ministers Delfim Notto and Giscard d'Eataing sign agreement.
SCU & SV Ministers shake hands and pose for photographs.
EXTERIOR FINANCE MINISTRY, PARIS: INTERIOR BRAZILIAN FINANCE MINISTER ANTONIO DELFIM NETTO AND FRENCH FINANCE MINISTER VALERY GISCARD D'ESTAING SIGN AIR SERVICE AGREEMENT AND SHAKE HANDS
Initials LD/VS 0.58 LD/VS 1.06
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Background: France and Brazil signed an agreement in Paris on Tuesday (September 19) under which France is to provide a quarter of the finance for a 320-million-franc (GBP26-million-sterling) internal air service in Brazil. Private funds will provide the remainder of the cost, to establish a triangular air service between the three principal cities of Brazil -- Brasilia, the capital; San Paulo, the industrial centre; and Rio de Janeiro, the traditional main city. Similar internal air services already exist in the country.
The agreement was signed by the two nations' finance ministers -- Professor Antonio Delfia Netto of Brazil, and N. Valory Giscard d'Estaing.
SYNOPSIS: At the Ministry of Finance in Paris on Tuesday, France took its economic relations with Brazil one step further -- by agreeing to provide a quarter of the cost of a three-hundreds and-twenty-million-franc internal air service in Brazil. The other three-quarters will come from private sources. The agreement was signed by Brazilian Finance Minister Professor Antonio Delfim Netto and his French counterpart, Monsieur Valery Giscard d'Estaing. The money will go to the establishment of an air service between Brazil's three principal cities -- Brazilia, the capital; San Paulo, the industrial centre; and Rio de Janeiro, the traditional main city.
It's believed the new air service will be similar to already-established air services flying in Brazil, known as "aerial bridges", where passengers don't book seats. Flights take off frequently, and passengers merely catch the one that suits them, much in the same way as on buses and trains.