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New airline ownership rules good for Waterloo region travellers, MP says

Changes to federal rules surrounding foreign ownership of domestic airlines could spell good news for travellers from Waterloo region, local MP Harold Albrecht says.

“This is a good move for Canadians, and especially for Waterloo region residents as there will now be more travel options available and lower costs for Canadians in general,” Kitchener-Conestoga MP Albrecht told The Morning Edition‘s host Craig Norris Friday.

In a speech Thursday in Montreal, Transport Minister Marc Garneau said his government would be introducing legislation that would bump the cap of foreign ownership to 49 per cent, up from the current 25 per cent, although no one investor or group of investors could own more than 25 per cent….. full story

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