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Swissair gets purchase approval.

AIRLINE INDUSTRY INFORMATION-(C)1997-2000 M2 COMMUNICATIONS LTD

Swissair has been given approval to buy a stake in Transbrasil Airlines, claims reports from Brazil.

A final decision has yet to be taken over a purchase plan but Swissair is understood to be looking for a 'toe hold' rather than a major stake in the venture.

Brazilian law, however, forbids foreign firms from owning more than 20% of a national airline.

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Publication:Airline Industry Information
Date:Apr 17, 2000
Words:82
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