Canada allows more foreign investment in airlines, wants competition: Reuters
Ottawa will lift foreign investment limits for Canadian airlines to 49 percent from 25 percent, a change that should spur competition and lower fares by encouraging the launch of low-cost airlines, Reuters reported. Although the new rules had not yet taken effect, the government will allow startups Canada Jetlines and Enerjet to seek additional foreign investment immediately. Enerjet is currently in talks with U.S. private equity firm Indigo Partners, while Canada Jetlines is seeking funding from Asian and European investors.
4 November 2016•2 mins read
