Brazilian government lifts cap on foreign ownership of Brazilian airlines

On 13 December 2018 the Brazilian federal government issued Medida Provisória No. 863/2018 (MP 863/18), a new rule amending Law No. 7,565/86 of 19 December 1986, the Brazilian Aeronautical Code, that removes longstanding limitations on foreign ownership of shares in Brazilian airlines.

This amendment now allows foreign shareholders to hold up to 100 percent of the voting stock of Brazilian airline companies and lifts the restriction on foreign management of domestic carriers. Thus, regardless of the company's capital origin, as long as the legal entity is incorporated under Brazilian law, there are no restrictions on the foreign capital interest in such entities.

Read More: Brazilian government lifts cap on foreign ownership of Brazilian airlines


Download PDF Share Back To Listing
Loading data