Brazil's lower house of Congress voted on Tuesday to allow foreign-controll...
BRASILIA - Brazil’s lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America’s largest economy, opening the door to more competition in an increasingly concentrated market.
However, debates continued into the night, with voting scheduled to tweak the final language of the bill that will be sent to the Senate. The upper chamber is expected to pass the measure, which would then go into effect immediately. Brazil’s No. 4 airline, Avianca Brasil, has lost market share in recent weeks as it gave up all but six of its planes during a court-run bankruptcy reorganization.
A foreign player could potentially bid on Avianca Brasil’s routes at an upcoming auction — which Brazil’s antitrust regulator CADE has already called the best outcome.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Brazil education freeze spurs biggest protests yet against Bolsonaro governmentTens of thousands of protesters gathered in cities across Brazil on Wednesday to...
Weiterlesen »
Brazil to revamp Amazon Fund after finding irregularities -ministerBrazil will overhaul rules for selecting projects to reduce deforestation suppor...
Weiterlesen »
Brazil education cuts spur biggest protests yet against Bolsonaro governmentTens of thousands of protesters gathered in cities across Brazil on Wednesday to...
Weiterlesen »
Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case - sourcesThe FBI is investigating corporate giants Johnson & Johnson, Siemens, General El...
Weiterlesen »
Spain's Globalia to launch new air carrier in Brazil: cabinet ministerSpanish tourism and transportation company Grupo Globalia will launch a new air ...
Weiterlesen »
Brazil pension committee chief says government still well short of pension reform votesBrazil's President Jair Bolsonaro on Monday emphasized the importance of pe...
Weiterlesen »
One way out: Pastors in Brazil converting gang members on YouTubeAs killings climb, evangelical ministers try gangs’ methods to stem the carnage.
Weiterlesen »
Brazil prosecutors seek injunction to prevent Bolsonaro gun decreeBrazilian federal prosecutors are suing the government, seeking an injunction to...
Weiterlesen »
Vale's Gongo Soco mine dam has up to 15% chance of bursting: Brazil officialBrazilian miner Vale's tailings dam in the town of Barao de Cocais in Minas...
Weiterlesen »