Canadian market set for expansion with new agreement

CANADA is expected to sign a deal with the European Union at a Summit with the EU on 6 May in Prague.  It will be similar to last year’s USA “Open Skies” treaty offering unlimited city pairs and frequencies.  The one big difference is the raising of a foreign ownership limit to 49% of an airline's voting stock from 25% -- a move welcomed by the country's main carriers, Air Canada and WestJet Airlines, which want more inward investment.  The new agreement could also open up the US market to investors this side of the Atlantic under a ‘back door’ arrangement.  Canadian carriers have traffic via the United States, often with Mexico and Europe the final destination. www.transportcanada.com

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