Allows 100 per cent of foreign capital in airlines
On 13 December 2018, Brazil adopted a temporary decree allowing Brazilian airlines to have 100 per cent participation of foreign capital. This lifted the previous 20 per cent limit on foreign investment in Brazilian airlines.
Type: Entry and establishment (Ownership and control)
Industry: Services (Transportation and storage)
- Planalto, Medida provisória autoriza 100% de capital estrangeiro em companhias aéreas, Dec 13, 2018
- Reuters, Brazil allows 100 pct foreign investment in domestic airlines - decree, Dec 13, 2018