India, Brazil ease airline ownership rules

BTN News
Thursday, 23 June 2016

The share prices of European and Indian airline stocks have risen since the Indian government said it will ease foreign direct investment rules to allow overseas investors (but not airlines directly) to own 100 per cent of local carriers.


Although foreign investors now can invest in India's airlines, foreign carriers themselves are still limited to 49 per cent ownership.


Meanwhile, Brazil’s lower house of Congress has approved a bill that removes restrictions on foreign ownership of the country’s airlines, up from the current 20 per cent to 100 per cent.
The country's Senate still has to vote on the change.

India, Brazil ease airline ownership rules

BTN News
Thursday, 23 June 2016

The share prices of European and Indian airline stocks have risen since the Indian government said it will ease foreign direct investment rules to allow overseas investors (but not airlines directly) to own 100 per cent of local carriers.


Although foreign investors now can invest in India's airlines, foreign carriers themselves are still limited to 49 per cent ownership.


Meanwhile, Brazil’s lower house of Congress has approved a bill that removes restrictions on foreign ownership of the country’s airlines, up from the current 20 per cent to 100 per cent.
The country's Senate still has to vote on the change.