Canadian Airlines Join 'Open Skies' | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **

Fri, May 08, 2009

Canadian Airlines Join 'Open Skies'

Canada has reached an agreement with the European Union which may make finding investors much easier for Canadian airlines than for their US competitors.
 
The New York Times reports that the agreement, reached Wednesday, would allow up to 49 percent of a Canadian airline to be owned by foreign interests, with a complete lifting of limits on foreign ownership possible in the future. Until now, Canada imposed the same 25-percent limit as does the current US rule.
 
The new agreement also drops restrictions on point-to-point flights between Canada and the EU, allows more code-sharing agreements, and sets up a joint committee to monitor the agreement.
 
Canada's new policy stands in contrast to recent attempts by Minnesota Congressman James Oberstar, the Democrat who chairs the House Committee on Transportation and Infrastructure, to impose tighter rules and oversight on antitrust immunity and code-sharing by US airlines. Some industry observers have warned Oberstar's initiatives could trigger a trade war.

FMI: www.tc.gc.ca

Advertisement

More News

ANN's Daily Aero-Linx (11.26.14)

FAA Aviation Safety Information Analysis And Sharing System (ASIAS) The Federal Aviation Administration (FAA) promotes the open exchange of safety information in order to continuou>[...]

ANN's Daily Aero-Term (11.26.14): Density Altitude

Pressure altitude corrected for nonstandard temperature. Density altitude is used in computing the performance of an aircraft and its engines.>[...]

Aero-News: Quote Of The Day (11.26.14)

“We hope to never see an event like this again, but, we must be prepared." Source: FAA Administrator Michael Huerta, on the release of the agency's 30 report on the fire at t>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Helicopters Still Flying Tourists Over Hudson River

But Activists Continue To Call For A Ban On The Flights A group of activists in New York and New Jersey are still working to have sightseeing flights over New York City and the Hud>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC