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Brazil moves to raise foreign investment cap

Brazil's Civil Aviation Council last week approved a draft law increasing the maximum amount of foreign ownership in Brazilian airlines to 49% from 20%, Dow Jones reported. The proposal will be sent to the National Congress.

Brazil's Civil Aviation Council last week approved a draft law increasing the maximum amount of foreign ownership in Brazilian airlines to 49% from 20%, Dow Jones reported. The proposal will be sent to the National Congress.

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