The CBA’s Air and Space Law Section submitted comments to the Senate Committee on Transportation and Communications on the proposed increase to foreign ownership limits of air carriers in Bill C-49, Transportation Modernization Act.
In the submission, the Section acknowledges that the government’s objective in increasing foreign ownership limits is to attract foreign investment, to encourage growth in the Canadian aviation sector and increase competition (aiming for more choice and reduced fares for consumers), but raises concerns that the proposed amendments in Bill C-49, namely the introduction of sub limits to foreign ownership, may not achieve the intended objective.
Read the letter