Brazil’s Senate on Wednesday approved an Open Skies agreement between Brazil and the United States that clears the way for a partnership between American Airlines Group Inc and LATAM Airlines Group. The treaty will be sent to President Michel Temer, who is expected to sign it into law.
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.