[Bigtime]

Liberals to lift foreign ownership of domestic airlines, draft bill of rights for passengers

http://www.calgaryherald.com/news/na...699/story.html

The federal government will raise foreign ownership levels for domestic airlines, a move that could spark the creation of ultra low-cost domestic carriers.
The government also announced its intention to bring in legislation that will spell out a traveller’s bill of rights, which will give passengers some remedies if they feel they’ve been wronged by a carrier.

In the meantime, the Trudeau government hopes to encourage more competition in the Canadian air travel market by boosting foreign ownership limits to 49 per cent from the current 25 per cent. Nonetheless, no single international investor will be permitted to own more than 25 per cent of a particular airline.
This is expected to immediately benefit two airlines — Canada Jetlines Ltd. of Richmond, B.C., and Enerjet of Calgary — which had applied to Garneau’s office for an exemption to the foreign ownership restrictions. Both Canada Jetlines and Enerjet will be granted those exemptions immediately while legislation works its way through Parliament.