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Brazil may increase foreign ownership limit

21-Apr-2011 3:19 PM

Brazil could reportedly more than double the amount of foreign capital that can be invested in the country's airlines ahead of the 2014 World Cup and 2016 Olympics (Estado de S Paulo/Reuters, 20-Apr-2011). Lawmakers will reportedly likely amend a decree to include a clause allowing foreign investors to own up to a 49% in domestic airlines, from 20%. The decree is reportedly awaiting a vote before the lower house.