MercoPress. South Atlantic News Agency

Brazil announces open skies policy with US and an end to the 20% ownership cap

Brazil’s Congress will finalize as soon as February legislation opening the way for deregulation of flights to and from the United States, Minister of Tourism Marx Beltrao said. He also expects legislators to approve a plan to allow foreign carriers a bigger chunk of Brazilian airlines. Both measures are part of a government drive to push down fares and boost tourism, which accounts for an estimated 3.7% of GDP. Read full article