HAC Communication
 

Minister Garneau Increases Foreign Ownership Limits

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The Regulations Amending the Canadian Aviation Regulations (Part I — Definition of Canadian) came into force on June 27, 2018 and can be found here.The Transportation Modernization Act, which received royal assent on May 23, 2018, amended the Canada Transportation Act (CTA) to, among other things, amend the definition of “Canadian” in Part II of the CTA (subsection 55(1)). The new definition of “Canadian” raises the threshold of voting interest owned and controlled by non-Canadians in an air carrier providing passenger and all cargo services from 25% to 49% with associated safeguards. In order to maintain the status quo for the foreign ownership threshold of 25% for Specialty Air Services consistent with commitments by the Minister of Transport to the House of Commons, amendments to the CARs are required.

 

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