By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – President Dilma Rousseff of Brazil signed on Tuesday (March 1st) a legislative decree issued by the Executive increasing the participation of foreign capital in Brazilian airline companies. According to officials, the participation limit for foreign capital in Brazilian airlines was increased from the current 20 to 49 percent.
With the measure, the Rousseff Administration hopes to attract new, foreign investments to the Brazilian aviation sector, hit hard by the country . . .