Brazil’s Chamber Lifts Limit of Foreign Capital in Airline Sector

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Chamber of Deputies in Brazil approved on Tuesday (June 21st) by 199 votes to 71 a legislative measure that will allow foreign companies to have total capital control of Brazilian airlines. Currently foreign participation in Brazilian airlines is limited to twenty percent, and the original legislative text called for an increase of the limit to 49 percent.

The approval was seen as a victory for the interim government. Planning Minister Dyogo Oliveira, said the measure will benefit the civil aviation sector in Brazil, especially less popular domestic routes.

"It . . .

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