Brazil to open airlines, agricultural land to foreign buyers -sources

President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a 2-year recession, govt sources said Monday. Temer's centre-right govt plans to send Congress a bill allowing 100% foreign ownership of airlines, though investors will be obliged to help expand regional flight services, sources said. Temer last year vetoed an aviation bill that would have allowed full foreign ownership of local airlines in an agreement with senators who wanted inclusion of measures to boost regional aviation. The new draft will do just that. "The initial idea is to reopen regional routes that were abandoned so that they get regular flights again," a source with knowledge of transport policy said. <br/>