Brazil lower house votes to allow foreign airlines in domestic market

BRASILIA (Reuters) – Brazil’s lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America’s largest economy, opening the door to more competition in an increasingly concentrated market.
The chamber approved the original text of a decree issued by former President Michel Temer in December that removed the 20% limit on foreign ownership of Brazilian airlines.
By Maria Carolina Marcello and Anthony Boadle