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Ottawa 'miscommunicated' on foreign ownership air cargo carrier rules
NON-CANADIANS will be permitted to buy 49 per cent of Canadian cargo airlines now that the federal government confirmed it had mistakenly limited its liberalisation to passengers and had not included cargo.
Canadian Transport Minister Marc Garneau has clarified his earlier statement that seemed to suggest that raising the cap on foreign ownership, from 25 per cent to 49 per cent applied to passenger airlines only.
"The Government of Canada proposes to liberalise international ownership limits that would apply to all carriers, including those providing all-cargo services," Mr Garneau said.
"Under the government's proposal, the only persons exempt from these new limits would be operators providing specialty air services, who would remain subject to the current 25 per cent limit," he said.
Said the new official communique: "The Canada Transportation Act defines a carrier to be "a person who engaged in the transport of goods or passengers by any means of transport under the legislative authority of Parliament."
"Transport Canada regrets any inconvenience that may have been caused by a lack of clarity on this matter," it said.
Canadian Transport Minister Marc Garneau has clarified his earlier statement that seemed to suggest that raising the cap on foreign ownership, from 25 per cent to 49 per cent applied to passenger airlines only.
"The Government of Canada proposes to liberalise international ownership limits that would apply to all carriers, including those providing all-cargo services," Mr Garneau said.
"Under the government's proposal, the only persons exempt from these new limits would be operators providing specialty air services, who would remain subject to the current 25 per cent limit," he said.
Said the new official communique: "The Canada Transportation Act defines a carrier to be "a person who engaged in the transport of goods or passengers by any means of transport under the legislative authority of Parliament."
"Transport Canada regrets any inconvenience that may have been caused by a lack of clarity on this matter," it said.
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