Announcement
25 Jul 2016
The Brazilian Government decreased the foreign ownership limit on airlines and re-established some local labor requirements.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
26 Jul 2016
Revocation date:
No revocation date
Updated: 25 Jul 2016
Local labour requirement
In force
When the Brazilian Government issued Law 13,319 on July 25, 2016, they eliminated article 5 from PM 714, setting again the requirement that directors of airlines have to be exclusively Brazilian na...
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Implementation date
26 Jul 2016
Revocation date:
13 Dec 2018
Updated: 25 Jul 2016
FDI: Entry and ownership rule
On July 25, 2016, when PM 714 was to be converted into Law 13,319, the Brazilian President vetoed the increase on the foreign ownership limit setting it again on 20%. The previous limit h...
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