Brazil Lifts Foreign Participation Limits on Aviation Industry

Officials say the lifting of restrictions was not aimed at helping Avianca, which filed for judicial recovery this week.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s President, Michel Temer, lifted on Thursday restrictions to foreign capital participation in Brazilian airline companies. With the measure, the limit of 20 percent of foreign capital in national airlines ceases to exist and Brazilian companies may have 100 percent of foreign capital.

Officials say the lifting of restrictions was not aimed at helping Avianca, one of Brazil’s largest airline companies, but admitted . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?