Brazil carrier Gol says country's foreign ownership ban is outdated [Reuters]
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
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Source: Reuters
Brazil carrier Gol says country's foreign ownership ban is outdated | Reuters 3 Min Read NEW YORK, Nov 14 (Reuters) - Decades-old regulations barring foreigners from owning Brazil’s airlines are outdated and “might make no sense anymore,” the top executive of Brazil’s largest airline, Gol Linhas Aereas Inteligentes SA, said on Wednesday. Foreigners are limited by law to a 20 percent stake in any Brazilian airline’s voting stock. But while Brazil may be entering an economic liberalization phase - far-right President-elect Jair Bolsonaro has vowed to cut spending and privatize state companies - Gol Chief Executive Officer Paulo Kakinoff said it is unclear whether the new administration will seek to loosen the existing regulations. “Our company has always been in favor of bringing to our country all the conditions to have access to foreign capital without any kind of restriction,” Kakinoff told Reuters in an interview. “This should be one of the positive effects of having some change in
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Earnings
- 7/28/23 - Beat
GOL
Sec Filings
- 1/26/24 - Form 6-K
- 1/26/24 - Form 6-K
- 1/26/24 - Form 6-K
- GOL's page on the SEC website