Canada's antitrust authority is recommending lifting airline ownership rules, something that always made sense to me. But as I read this article, I realized I don't know all the pros and cons so I'm asking.
"Canada’s antitrust watchdog recommends the government ease restrictions on foreign investment in the country’s airline sector to stimulate competition–such as allowing nonresidents to own 100% of a domestic-focused carrier....Among the watchdog’s chief suggestions is to allow up to 100% foreign ownership for domestic-only Canadian airlines, noting that Australia allows for such an arrangement....The bureau was also warned that allowing foreign carriers to acquire Canadian airlines might lead to a redirection of traffic to foreign hubs as opposed to new domestic markets....The bureau also said that unions and labor organizations opposed any changes to foreign-ownership limits. They argued this would threaten employment in the industry and services to remote markets, like in northern Canada." I do know restrictions have blocked/weakened airlines and I have seen them as protectionist. I never bought the "citizenship" argument because in the past, during emergencies gov just nationalized the businesses they've seen as strategic. Soooo, can we start a conversation about the ownership rules? https://www.wsj.com/world/americas/canadas-antitrust-watchdog-calls-for-easing-of-foreign-ownership-limits-in-airline-sector-305a1767?st=FLUBZ3&reflink=desktopwebshare_permalink Cheers -- Kathryn -- Kathryn Creedy PHONE # 321 405 4395 US-Eastern Time Zone *Twitter*: @kcreedy *Visit me on LinkedIn*
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