Emerson’s report said that the European Union allows 49 per cent foreign ownership, while Australia and New Zealand permit 100 per cent foreign ownership for airlines operating within their domestic markets. “Our goal is to see Canada join most other large aviation markets in allowing significant (but not full) foreign ownership of passenger air carriers,” he concluded. and the government is in the way.”RelatedGarneau said in an interview that he is aware of the proposal and that he is considering foreign ownership in the airline industry, along with the other 59 recommendations in the Emerson report. Griping about the cost of air travel in this country is as endemic as bitching about the weather — it’s as if nothing can be done about either of them. He said Jetlines has interest from funds prepared to invest the $50 million the company is seeking.

Source: National Post June 01, 2016 22:30 UTC