Canada should allow up to 100 per cent foreign ownership of domestic-only airlines, the Competition Bureau says in a new report highlighting the country’s “highly concentrated” aviation industry.
In a market study released Thursday, the watchdog suggested a new class of airline that operates only in Canada but could have owners from outside its borders, opening the gate to global expertise — and cash.
The current foreign ownership cap sits at 49 per cent. In addition, no more than 25 per cent of a carrier can be owned by any one foreign entity, a proportion the Competition Bureau proposed raising to nearly half.
“Allowing more foreign investment in Canadian
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