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Montevideo, August 14th 2022 - 21:43 UTC

Tag: Brazil airlines

  • Wednesday, February 3rd 2016 - 06:15 UTC

    Brazil airline shares soar as regulator admits opening to foreign capital

    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.

    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.