Brazil lifts foreign ownership cap for airlines, as India relaxes its rules

© Fintastique

Brazil has followed India in lowering the foreign ownership cap on airlines  ? non-Brazilian companies can now own up to 100% of domestic carriers. But while India removed a 49% cap on foreign investment in airlines, it did not extend that to foreign airlines, which are still restricted to 49%. It did however ease rules to allow domestic carriers to fly to overseas destinations if they deploy 20% of their capacity on local routes.