December 17, 2018 / 10:34 AM / 6 months ago

Brazil airline Gol evaluating options after foreign ownership restrictions lifted

SAO PAULO, Dec 17 (Reuters) - Brazil’s largest airline, Gol Linhas Aereas Inteligentes, is weighing its options after the government lifted longstanding restrictions on foreign ownership of carriers, the company said in a securities filing on Monday.

The airline said it was “evaluating” the decision because it could “enhance value-creation for company shareholders by allowing non-Brazilian control of Gol.”

Until last week, foreign investors could own up to 20 percent of Brazilian airlines. Two U.S.-based carriers already had a footprint in Brazil.

Delta Airlines owns 10 percent of Gol and United Continental Holdings owns 8 percent of rival Azul . (Reporting by Marcelo Rochabrun; editing by Jason Neely)

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