AVIATION: House approves decree eliminating threshold on foreign capital

São Paulo, 22 - The Brazilian House of Representatives approved last night the presidential decree authorizing up to 100% foreign capital in air companies based in Brazil. The decree still...

São Paulo, 22 - The Brazilian House of Representatives approved last night the presidential decree authorizing up to 100% foreign capital in air companies based in Brazil. The decree still needs to be voted on by the Senate, said the House's official news agency. The decree approved by the MPs also provides that passengers can dispatch, with no additional charge, a suitcase of up to 23 kg on most aircraft from 31 seats. Two years ago, the aviation sector regulator allowed companies to charge extra fares to dispatch luggage. The air companies claimed that the move would lead to lower air ticket prices. That promise, however, was not fulfilled. Translation by Ricardo Gozzi http://www.agenciacma.com.br/esp/



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AVIATION: House approves decree eliminating threshold on foreign capital

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