Brazil readies measures to soften impact of higher jet fuel prices, Folha reports

SAO PAULO, March 30 (Reuters) - Brazil's government is set to announce a package of measures to soften the impact of higher jet fuel prices following the oil price shock linked to the U.S.-Israeli war on Iran, newspaper Folha de S.Paulo reported on Monday.

• The package will include a credit line with resources from the National Civil Aviation Fund, allowing airlines to buy jet fuel under more favorable financial terms, Folha said.

• The government is also studying cuts to income taxes on airplane leasing and the IOF tax on some international financial transactions, Folha added.