The full Chamber of Deputies of Brazil yesterday approved the executive order presented last March by President Dilma Rousseff allowing foreign investors 100% ownership of/in Brazilian airlines, increasing from the current 20% limit. Back in March, the then Brazilian President proposed an increased foreign direct investment (FDI) limit of 49% from 20%, but the rapporteur of the initiative raised the cap to 100% and was supported by 199 in favour to 71 opposed yesterday. The approved order stipulates that foreigners can hold up to 100% stake of a Brazilian airline through bilateral reciprocity agreements, meaning that the investor’s country of

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