Watchdog Urges Canada to Open Airline Sector to More Foreign Capital
Canada should loosen investment rules for airlines to allow full foreign ownership of carriers that fly only within the domestic market, according to the country's competition watchdog.
The recommendation is one of several released Thursday by the Competition Bureau following a nearly yearlong study. It also suggests raising the ownership limit for Canadian airlines so that a single foreign investor can own as much as 49%, up from the current 25%, and prioritizing competition in merger reviews.
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