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.
- Liberal transport plan loosens rules on foreign ownership of airlines
- Canada Jetlines gets local support for changes to foreign ownership rules
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