Brazil to raise foreign ownership in local airlines -source

martes 1 de marzo de 2016 20:51 GYT
 

BRASILIA, March 1 (Reuters) - Brazilian President Dilma Rousseff will issue a decree that increases foreign ownership in local airlines to 49 percent from 20 percent, a government source told Reuters on Tuesday.

The decision could allow foreign groups to bolster investment in Brazilian airlines struggling with a deepening recession and a sharp depreciation of the real currency.

The decree, which is expected to be published in the country's official gazette on Wednesday, will need to be approved by Congress. (Reporting by Lisandra Paraguassu; Writing by Alonso Soto; Editing by Sandra Maler)