Friday, June 24, 2016

Brazil Moves to Allow Greater Foreign Ownership of Airlines

An astute commentator to yesterday's post pointed out that, like India, Brazil has also taken major steps this week toward removing barriers to foreign investment in airlines. A bill that would permit 100% ownership by foreign investors, including foreign airlines, passed Brazil's Chamber of Deputies earlier this week. Reportedly, the permission would be subject to a reciprocity requirement that Brazilian investors are offered the same opportunities.

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