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Enacted Law lifts barriers of the Brazilian Airline Segment to foreign capital shareholding

On June 17, 2019, the Brazilian President approved Law No. 13.842/2019, in order to amend Law No. 7.565/1986 (Brazilian Aeronautical Code) and lift the restriction to foreign capital shareholding in Brazilian companies rendering public air transportation services. The new law allows foreign investors to hold up to one hundred percent (100%) of the voting capital of Brazilian airlines. 

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