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 . . .