National Post - Canada Jetlines 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.
In clearing the runway for Canada Jetlines, Garneau may also be indirectly helping Canada’s aerospace star, Bombardier Inc. of Montreal.
Canada Jetlines, in its application for the foreign ownership exemption, had indicated that, if its business plan unfolds as it hopes, it will likely purchase Bombardier’s C Series jets.
https://news.nationalpost.com/news/canada/canadian-politics/liberals-to-lift-foreign-ownership-of-domestic-airlines-draft-bill-of-rights-for-passengers