Brazil will allow foreign companies to hold a 49% stake in the country's airlines

Thursday, March 3rd 2016 - 05:22 UTC

Full article 3 comments

The government of President Dilma Rousseff has raised from 20% to 49% the maximum stake that foreign companies can hold in Brazilian airlines, according to an executive order signed by the president and published on Wednesday in the Diario Oficial, Official Gazette Read full article

Comments

Disclaimer & comment rules

ChrisR
Anybody contemplating this nonsense needs to read this first:
http://www.telegraph.co.uk/business/2016/03/02/only-the-imf-can-now-save-brazil/
Mar 03rd, 2016 - 01:59 pm - Link - Report abuse 0
-+
Jack Bauer
“Mr Fraga said the collapse is desperately sad because Brazil seemed to be on the right path under president Luis Inacio da Silva, or Lula as everybody knows him”.

Fraga's said it alright, Brazil “seemed” to be on the right path .......time has proven that no country can survive shitty populist governments headed by illiterate scumbags.....

But the fact that the fat cow has raised the maximum stake that foreign companies can hold in Brazilian airlines - from 20% to 49% - is the final admission that Brazil and a lot of its companies are broke.
Mar 03rd, 2016 - 04:58 pm - Link - Report abuse 0
-+
L0B0MAU
At this stage 49% is too little too late : http://money.cnn.com/2016/03/03/news/economy/brazil-recession-lower-middle-class/
Mar 03rd, 2016 - 05:05 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!