Tuesday, July 5, 2016

Brazil Backs Away from FDI Changes

A few weeks ago we linked to news of a bill passed in the Brazilian Chamber of Deputies that would permit 100 percent foreign ownership of airlines. That change will not take effect, however, as interim-President Michel Temer was only able to secure Senate passage of the overall air transport legislation bill by promising to veto the provision on foreign investment. Instead, the existing 20 percent cap on foreign ownership of airlines will remain in effect.


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