In December Brazil advanced a rule to eliminate foreign ownership restrictions on airlines operating inside the country. There had been a 20% cap, and currently Delta owns 9.4% of Gol, Qatar 10% of LATAM, and United 8% of Azul — three airlines that control 92% of the Brazilian market.
The rule was temporary, requiring legislative action followed by the President’s signature. The President has one problem with the bill, and he announced it on YouTube.