MercoPress. South Atlantic News Agency
Brazil airline shares soar as regulator admits opening to foreign capital
Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported. Read full article
Comments
Disclaimer & comment rulesOpen Skies should only be signed with the BRICS countries.
Feb 03rd, 2016 - 10:19 am - Link - Report abuse 0Brazil and Russia are dumping assets as fast as they can.
Feb 03rd, 2016 - 06:04 pm - Link - Report abuse 0I wonder if there will be any buyers out there now..
DumbAss Dilma only MAY do this!
Feb 03rd, 2016 - 06:10 pm - Link - Report abuse 0Any foreign investor with half-a-brain will look at the actions of the patron saint of thieves, St Lula of Shit, and his grab back of Petrobras. THAT will stop it in it's tracks.
Russia is having the same problem. Lots of huge SOE they want to sell but no takers.
Feb 03rd, 2016 - 06:49 pm - Link - Report abuse 0Beware of Russia, its collapsing and I think Putin is going to go down in flames.
The BRICS countries have no airlines worthwhile talking about ; and those that they do have, are in no condition to compete with foreign owned airlines. And If you want what's genuinely Brazilian in the airline industry, to survive the crisis, it will need to partner up with bigger airlines, with enough capital to invest and enough decent routes to make them profitable. Brazil has only to gain by this move. Let's hope the fat cow has enough vision to allow it to happen and does not get bogged down with the PT 's backward approach to just about everything - except corruption.
Feb 03rd, 2016 - 09:17 pm - Link - Report abuse 0I wanted to short GOL but was afraid with the Efromovich running it, any tricks could be done to make it shoot up for no reason. What a nice ride down it has been for someone...chilean banks can't be far behind.
Feb 03rd, 2016 - 10:09 pm - Link - Report abuse 04 yankeeboy
Feb 04th, 2016 - 01:19 am - Link - Report abuse 0It is my understanding that the Russian economy is great 'at home', but when they travel their currency is near worthless?
You probably know more about this?
Equally, from what I read, (many, varied, sources), Putin has very strong support at home.
So, I disagree with your statement that his demise is imminent.
Brazil, is pretty fucked-d, that I do concur, but of course... “plus ça change, plus c'est la même chose...”
I may paraphrase here but I am sure somebody once said, “Brazil is the Country of the Future ... and always will be ...”
hmmm....
- US$2 billion in reported bribes, kickbacks and money laundering [http://www.bloomberg.com/news/articles/2016-01-27/brazil-turkey-among-top-decliners-in-global-corruption-ranking]:
Feb 10th, 2016 - 09:27 am - Link - Report abuse 0The ONLY way to recover the losses is by privatising government-owned [loss-making] industries/organizations - ASAP.
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